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Dimensional Multi-Factor funds - Changes in fund names

Dimensional Fund Advisers have announced a number of changes to their range of Multi-Factor funds.

With effect from 1st October 2015 the names of the funds will change as follows:

  • The Multi-Factor Equity Fund will be re-named the World Equity Fund
  • The Multi-Factor Balanced Fund will be re-named the World Allocation 60/40 Fund (this reflects the 60% of funds allocated to equities and 40% of funds allocated to cash and bonds)
  • The Multi-Factor Conservative Fund will be re-named the World Allocation 40/60 Fund (this reflects the 40% of funds allocated to equities and 60% of funds allocated to cash and bonds)

Please note as a result of theses name changes there are no changes being made to the objectives of these funds or their day-to-day management and operation, nor will there be any change to the respective fund ISIN and SEDOL numbers.

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Dimensional Multi-Factor Equity Fund lowers annual management fee

One of the core funds that EFPG uses within our investment portfolios has reduced its management fees as of the 1st of January this year.

The Dimensional UK Core Equity Fund (Inc) has reduced the fee by 0.07% p.a.

This had been predicted at EFPG and we anticipate that more of our selected funds will follow suit which should bring down the cost of investing to our clients.

0.07% does not seem a significant amount but over the lifetime of a longer-term savings or pension arrangement,  the overall benefit could amount to thousands of pounds saved.

EFPG believes that investment management fees in general will fall further as more investors both private and corporate shop around to find the best investment deals.

As long as quality is not traded for cost  - and EFPG ensures that it is not - this can only be a good thing for our clients.

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