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Rathbones to move to new fund pricing structure

Rathbones to move to new fund pricing structure

Rathbones is the latest firm to switch from dual to single pricing across its fund range. 

From the 21 January units in seven of its funds, including James Thomson's Rathbone Global Opportunities fund and Carl Stick's Rathbone Income fund, will assume the new structure. 

'We have considered the way in which we deal with pricing in respect of the funds and have concluded that it would benefit the funds and unitholders to make some amendments to the pricing policy of the funds,' Rathbones told clients. 

 

Rathbones will also operate a ‘swinging’ single pricing mechanism for each fund, which will see price move up when there are inflows and move lower in the event of outflows. Regardless of whether the price is adjusted up or down, all investors will buy and sell at the same price.

'This mechanism is intended to ensure the fair treatment of all the investors in a fund by minimising the effects of ‘dilution’,' Rathbones said. 

The other funds impact by the change are: Rathbone Ethical Bond, Rathbone Spenser, Rathbone UK Opportunities, Rathbone Strategic Bond and Rathbone Heritage.

The move comes after Artemis announced earlier this week it would also be moving to a single pricing charging structure. 

 

 

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