Multi-assetSep 16 2014

Architas cuts fees on Multi-Asset Passive range

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Multi-manager Architas has reduced the charges on its range of passive funds.

The group said the ongoing charge on its unbundled share classes would now be capped at 50 basis points - down from 65 basis points.

It is also reducing the upfront charge on its zero annual management charge share classes from 2 per cent to 1 per cent with additional charges for administration and underlying fund purchases capped at 0.2 per cent.

The group launched zero management charge share classes last year and claims investors could benefit from this pricing structure if they hold the funds for more than four years.

The risk profiled multi-asset funds invest globally and use a long term strategic asset allocation provided by eValue.

The zero annual charge share class is available via Nucleus, Alliance Trust Savings, AJ Bell, Ascentric, Cofunds Institutional and Axa Elevate.

The unbundled clean share class is available on the above platforms and more.

The funds are risk-mapped to Distribution Technology, Finametrica and Morningstar.