Skagen adds clean share classes to three equity funds

Skagen has launched RDR-compliant clean share classes in the UK for its Kon-Tiki, Global and Vekst equity funds.

The new B-share classes came into effect on 1 January and are open to investors who subscribe units through distributors in the UK, including existing distribution partners Transact and Raymond James. The annual management charge has been lowered from 1% to 0.8% on the Global and Vekst funds, and from 2% to 1.5% on the Kon-Tiki fund. Tim Gordon, client relations, said: "We are delighted to have launched the new clean share classes, which underline Skagen's commitment to the UK market. "We believe this provides a strong proposition as we look to further develop our UK wholesale pre...