Fixed Income  

Pimco removes fee waiver on Select UK Income Bond

Pimco has removed the fee waiver on its Select UK Income Bond fund run by after the product has got up to scale.

The company said it usually implements a fee waiver on products for the first year and then removes it once the fund is established.

The fund, run by Mike Amey, now has an annual management charge of 1.39 per cent, up slightly from 1.36 per cent, but in line with its other established products.

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