Sarasin renames AgriSar fund as it cuts fees

Sarasin has scrapped the performance fee and reduced the annual management charges on its AgriSar fund as it prepares to rename the vehicle.

The fund will be renamed Sarasin Food and Agriculture Opportunities fund with effect from 16 June, subject to regulatory approval. The group scrapped the performance fee on the fund in February, and the performance fee share classes are set to merge with their non-performance fee equivalents in June. The AMCs on all three share classes has been reduced by 25bps each; the platform share class will now be priced at 0.75% and the institutional at 0.85%, while investors buying direct from the group will pay an AMC of 1.5%. The group said: "The new name more accurately reflects the fund...