OMGI increases fees on Voyager Global Dynamic fund

Fee hike to reflect operating costs

Old Mutual Global Investors (OMGI) has said rising operational costs on its Old Mutual Voyager Global Dynamic Equity will lead to an increase to its ongoing charges figure (OCF) by the end of Q1.

From 1 March, the fund's flat rate administration charge will increase by 0.015%, which is expected to result in a "minor increase" in the fund's OCF, which is currently 2.06%. Buxton retains management of £2.3bn UK Alpha fund in £600m OMGI sale Dean Bowden, chief commercial officer for the multi-asset range at OMGI, said: "In January 2015, we introduced a flat rate administration charge to the Old Mutual Voyager Global Dynamic Equity Fund, meaning the fund's operating and administration expenses were set at a fixed rate based on forecasted costs. OMGI transfers ISA service to Harg...