Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Cazenove fund charges set to rise following Schroders merger

1 Comment
Cazenove fund charges set to rise following Schroders merger

Cazenove funds will see their ongoing charges rise once the range is moved onto the same platform as acquirer Schroders.

Schroders said ongoing charges on Cazenove funds would increase as a result of higher administration charges. Cazenove funds will move in line with Schroders' existing fund charges.

The administration fee on Cazenove funds will increase to 0.15% when the funds are rebranded on 24 March. The administration fees previously ranged from 0.04% to 0.06%.

Under the new charges the Cazenove UK Opportunities fund, run by Julie Dean (pictured), will have an ongoing charge figure (OCF) of 1.69% on its B share class, compared to where it stands currently at 1.56%.

Paul Marriage’s Cazenove UK Smaller Companies fund will have an OCF of 1.67%, compared to its current 1.58% for its B share class.

However, the Cazenove UK Corporate Bond fund, managed by Alexander Smitten, will see an increase of  0.10% to its admin fee.

A spokesperson at Schroders added: 'Our funds’ on-going charges are checked on a regular basis to ensure they are competitive.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: from managing Brunei’s billions to Dorking’s pension pots

Profile: from managing Brunei’s billions to Dorking’s pension pots

Mole Valley Asset Management's boss on why he chucked in multi-billion mandates for Surrey wealth management

Wealth Manager on Twitter