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Skandia unveils WealthSelect discounted AMCs

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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%

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