Sarasin is seeking to rename the Sarasin AgriSar fund and cut its charges as part of a review into the strategy.
The fund, which is managed by Henry Boucher, is set to be renamed as the Sarasin Food and Agriculture Opportunities fund on June 16, subject to FCA approval.
The firm said in a statement: “The new name more accurately reflects the fund’s investment objective, providing a clearer representation of the broad industry sectors in which it primarily invests.”
In addition, Sarasin has removed the performance fee from the fund and is looking to reduce the annual management charge on all of the fund’s share classes by 25 basis points.
This means that, from June 16, the clean fee share class’s annual management charge will be reduced from 1 per cent to 0.75 per cent.
