Liontrust will waive the annual management charge and administration fee for its Russia fund while it is suspended.
The waiving of the ongoing charges will be backdated to 1 March, the day after Liontrust announced the suspension of dealing. The firm said this will remain in place until dealing is resumed. The OCF for share classes are as follows: A share class - 1.90%; B share class - 1.15%; C share class - 0.95%; M share class - 0.75%. In a statement issued today (8 March), the investment manager said: "We believe this is the right decision while shareholders cannot make purchases and redemptions in the fund. "Liontrust did not take the decision to suspend lightly and we appreciate the ongoin...
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