Sarasin scraps performance fee for new AgriSar share class

Sarasin has launched a new share class for its £169m AgriSar equity offering that removes the fund's performance fee but raises its annual management charge.

The group has launched a D share class for the fund featuring a higher AMC of 1.75%, up from the 1.5% charged for the existing A share class. But the D shares will also scrap the fee of 15% of any outperformance of the MSCI World Index that remains in place for the A share class. Managed by Henry Boucher (pictured) and Mark Whitehead, the fund's investment process aims to capture long-term trends within the global food and agricultural industry. "We believe the fund has the potential to deliver exceptional long-term performance, and we therefore feel the new D shares with an annual...