UK-based Dalton Strategic Partnership has slashed the annual management charge (AMC) on its Melchior Global Equity fund for retail and institutional investors from 0.75% to 0.25%.
The group has also reduced the minimum investment from £250,000 to just £1,000.
Go deeper with GlobalData
Additionally, the total expense ratio will be capped at 40bps, with the view to reduce this gradually to 30bps or lower as the fund grows.
According to FE Analytics, the fund has produced top quartile returns in the six-month, one- and three-year periods to January 3.
Richard Jones, partner at Dalton, said the move had been made to make the fund completely accessible to the retail market.
"Working back from the cost of manufacture upwards, we feel we have got very substantial capacity which means we are not capacity constrained like we are on some of our other funds," he said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
