Miton scraps initial charge on multi-asset funds

Effective immediately

Miton has removed the initial charges on its CF Miton Cautious Multi Asset and CF Miton Defensive Multi Asset portfolios.

Miton Group head of sales Neil Bridge (pictured) said: "The charges have been removed as these multi-asset funds are not capacity constrained and initial charges are therefore unnecessary to stem inflows at a later date." Both funds are co-managed by David Jane - recently interviewed as part of Investment Week's Investment Influencers series of videos - and Anthony Rayner. The issue of fund charges was brought firmly to centre-stage last week when the Financial Conduct Authority (FCA) published the interim report of its Asset Management Market Study, which suggested a raft of measures...