Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Skandia unveils WealthSelect discounted AMCs

2 comments
Skandia unveils WealthSelect discounted AMCs

Skandia has revealed that fund groups have offered annual management charges (AMC) on its sub-advised funds in its WealthSelect range as low as 0.35%.

This gives the external range of funds an average AMC of 0.58%, which moves down to 0.52% for the complete WealthSelect including Old Mutual’s own funds (see table below). This compares to Hargreaves Lansdown's average AMC of 0.54% for the 27 funds on its Wealth 150+ list, while Fidelity’s Select List of approximately 140 funds will have an average AMC of 0.64%.

Fund Name Manager Standard AMC WealthSelect AMC
Aberdeen Asia Pacific Fund Asian Equities Team 1.75% 0.70%
Artemis Income Fund Adrian Frost & Adrian Gosden 0.75% 0.65%
Artemis UK Special Situations Fund Derek Stuart & Andy Gray 1.50% 0.60%
BlackRock Gold & General Fund Evy Hambro 1.75% 0.70%
BlackRock UK Special Situations Fund Richard Plackett 1.50% 0.60%
Fidelity Global Focus Fund Amit Lodha 1.50% 0.60%
Fidelity MoneyBuilder Income Fund Ian Spreadbury 0.80% 0.35%
Fidelity Strategic Bond Fund Ian Spreadbury 1% 0.45%
Henderson China Opportunities Fund Charlie Awdry 1.50% 0.60%
Henderson European Fund John Bennett 1.50% 0.60%
Henderson Property Henderson 1.50% 0.60%
Invesco Perpetual Asian Fund Stuart Parks 1.50% 0.60%
Invesco Perpetual Corporate Bond Fund Paul Causer & Paul Read 1% 0.45%
JPM Emerging Markets Fund Austin Forey & Leon Eidelman 1.50% 0.60%
JPM Natural Resources Fund Neil Gregson 1.50% 0.60%
Newton Global Higher Income Fund James Harries 1.50% 0.65%
Newton Higher Income Fund Richard Wilmot 1.50% 0.60%
Schroder Tokyo Fund Andrew Rose 1.50% 0.60%
Schroder US Mid Cap Fund Jenny Jones 1.50% 0.60%
Threadneedle European Select Fund David Dudding 1.50% 0.60%
Threadneedle High Yield Bond Fund Barrie Whitman & David Backhouse 1.25% 0.50%
This gives the external range an average AMC of 0.58%, brought down to 0.52% for the complete WealthSelect suite by including Old Mutual’s own funds (see table below). Hargreaves has reported an average AMC of 0.54% for the 27 funds on its Wealth 150+ list, which has yet to be disclosed. On Fidelity’s Select List of approximately 140 funds the average AMC will be 0.64%.
Fund Name Manager WealthSelect AMC
Old Mutual Asia Pacific Ian Heslop, Amadeo Alentorn & Mike Servent 0.60%
Old Mutual Corporate Bond Fund Christine Johnson 0.50%
Old Mutual European Best Ideas Fund Lee Freeman-Shor 0.60%
Old Mutual European Equity (ex UK) Fund Kevin Lilley 0.60%
Old Mutual Generation 3:4 John Ventre 0.40%
Old Mutual Generation 3:6 John Ventre 0.40%
Old Mutual Generation 4:4 John Ventre 0.40%
Old Mutual Generation 4:6 John Ventre 0.40%
Old Mutual Gilt Fund BlackRock 0.20%
Old Mutual Global Best Ideas Fund Lee Freeman-Shor 0.60%
Old Mutual Global Emerging Markets Fund Fisher 0.70%
Old Mutual Global Equity Ian Heslop, Amadeo Alentorn & Mike Servent 0.60%
Old Mutual Global Equity Absolute Return Fund Ian Heslop, Amadeo Alentorn & Mike Servent 0.60%
Old Mutual Global Strategic Bond Fund Stewart Cowley 0.40%
Old Mutual Investment Grade Corporate Bond Fund Rogge 0.40%
Old Mutual Japanese Equity Fund Ian Heslop, Amadeo Alentorn & Mike Servent 0.60%
Old Mutual Local Currency Emerging Market Debt Fund Stone Harbor 0.70%
Old Mutual Monthly Income Bond Fund Christine Johnson 0.50%
Old Mutual North American Equity Fund Ian Heslop, Amadeo Alentorn & Mike Servent 0.60%
Old Mutual Property CBRE 0.60%
Old Mutual Spectrum 3 John Ventre 0.35%
Old Mutual Spectrum 4 John Ventre 0.35%
Old Mutual Spectrum 5 John Ventre 0.35%
Old Mutual Spectrum 6 John Ventre 0.35%
Old Mutual Spectrum 7 John Ventre 0.35%
Old Mutual Spectrum 8 John Ventre 0.35%
Old Mutual UK Alpha Richard Buxton 0.60%
Old Mutual UK Equity Fund Simon Murphy 0.60%
Old Mutual UK Equity Income Fund Stephen Message 0.60%
Old Mutual UK Index Fund BlackRock 0.20%
Old Mutual UK Mid Cap Fund Richard Watts 0.60%
Old Mutual UK Smaller Companies Fund Daniel Nickols 0.70%
Old Mutual US Dividend Fund Barrow Hanley 0.60%
Old Mutual World Index BlackRock 0.25%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter