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Saltus cuts AMC on multi-asset range
by Sarah Miloudi on Jan 07, 2013 at 11:26
Saltus has cut the annual management charge (AMC) on its multi-asset class funds, bringing into line pricing across the range.
The specialist investment manager has decided to cut the AMC on the institutional class of its multi-asset funds, reducing it from 1% to 0.4%.
The change has come into effect immediately and follows a rush of investment managers moving to streamline their retail and institutional share classes in time for the retail distribution review.
During 2012, the Saltus Multi-Asset Class fund outstripped the FTSE 100. It gained 6.7% versus the FTSE's 5.8% rise. The Saltus 70 DMP also performed well last year and rose 9% despite taking 70% of the equivalent risk of investing in the FTSE 100.
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