The move will mean the company will no longer charg a performance fee of 10% over the three month US dollar Libor (London Interbank Offered Rate).
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In a statement, the company said the move is designed to improve the fund’s transparency, simplicity and competitiveness within the retail fund management market and to reduce the fund’s total expense ratio.
Commenting on the decision, Richard Ford, chief executive of Iveagh, said, "Since the launch of the Iveagh Wealth Fund in 2008, the market has changed dramatically and investors are seeking greater transparency and simplicity of fund charges and fees.
"The Iveagh Wealth Fund is now complemented by the risk-rated Core Portfolios, all of which are driven by a stronger investment management team headed by Chris Wyllie and William Beverley, with the complete confidence and support of the Guinness family," he added.
Meanwhile, the company also said that it has created a platform to manage the Guinness family assets and retail assets through the Iveagh Wealth Fund and the Iveagh Core Portfolio funds.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
