Sarasin rejigs range and cuts multi-asset fund charges

Sarasin & Partners has renamed its multi-asset fund and cut charges on the product as part of several changes to the group's fund range.

The group has renamed Mark Whitehead's underperforming £137m Sarasin GlobalSar Cautious fund as GlobalSar Strategic. It has also scrapped the fund's performance fee-charging share classes and cut the AMC across all continuing unit classes. AMCs on each of the fund's surviving sterling share classes - A, F, I, and P - have been lowered by 25bps, to 1.5%, 1%, 0.85% and 0.75% respectively. The fund has returned 13.8% over the past three years, according to FE, compared with an average return of 15.6% for the IMA Mixed Investment 20%-60% Shares sector. Over five years it has returned ...