Vanguard has removed the dilution levy on its Lifestrategy funds after the range surpassed £2bn in assets under management.
The LifeStrategy fund range, which launched in June 2011, offer a combination of Vanguard equity and bond index funds and ETFs set against varying risk and return targets. Clients had been charged a 0.10% levy when they purchased shares in the funds, designed to offset transaction costs such as those generated from local taxes or wide dealing spreads. Love them or hate them? Wealth managers' verdict on dilution levies The funds will continue to have an ongoing charge figure of 0.24%, but there will now be no additional costs. The move is the latest in a price war by passive...
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