Fund Management

UK's Alliance Trust Savings Adds New Funds

Stephen Little, Reporter, 29 May 2013

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UK-based Alliance Trust Savings has announced the addition of a further 100 new funds to its investment platform.

The new funds from AXA, Miton, Old Mutual and 7IM are now available to ATS investors as clean priced share class funds at a typical rate of 0.75 per cent, the firm said.

"Clean funds with no commission are now likely to become even more popular after the decision to take income tax on commission rebates from 6 April, if only to avoid the hassle of paying the tax. As well as providing access to the widest possible range of clean share funds for investments made post-31 December 2012, we have also committed to move all our pre-RDR rebate-paying investment customers into clean share classes by the end of this year," said Sara Wilson, head of platform proposition at Alliance Trust Savings.

In other news, earlier this month Alliance Trust, the parent company of Alliance Trust Savings, reported its total shareholder return for the first quarter of 2013 was 15.2 per cent - its best first quarter performance in over 15 years.

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