JBWere waives fees for new funds
JB Were Investment Managementhas rolled out a new selection of retail managed funds, which waives the initial fee for investors.
The funds, the JB Were Nil Entry Fee Selection waives the upfront fee for investors on three JB Were funds, with each fund having an ongoing management expense ratio (MER) for the life of the current prospectus of 2.3 per cent.
The new funds are versions of three JB Were Funds, the JB Were Diversified Growth Fund, formerly the Balanced Fund; the JB Were International fund; and the JB Were Australian equities fund, which won theMoney Management 2001 Fund Manager of the Year award for Australian equities.
JB Were Investment Management head of retail, Jim McKay says the selection enhances the choices that the group offers to its advisers and their clients.
McKay says the group has been planning to broaden its product selection in the past few years, and the roll out of the funds is just the next step.
He says, as well as offering a range of international and domestic investment options JB Were can now provide financial advisers and investors with greater choice and flexibility when selecting a fund with a fee structure that suits their needs.
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