The annual management charge (AMC) of the Premier Corporate Bond Monthly Income fund has been reduced across its class A, B and C income share classes, following the arrival of Merian Global Investors' Lloyd Harris, Simon Prior and Rob Harris at the firm today (10 August).
Class A Income shares will see their AMC reduced from 1% to 0.65%, class B will be lowered from 0.75% to 0.4% and class C income share charges will be cut to 0.3% from 0.65%. It was first announced on 23 June that Merian GI's Harris would become head of fixed income at Premier Miton and lead manager of the Premier Corporate Bond Monthly Income fund, following Jupiter's acquisition of Merian GI, which was completed on 1 July this year. Simon Prior and Rob James, whom Harris worked alongside at Merian managing the firm's Corporate Bond, Financials Contingent Capital and Monthly Income B...
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