SIM has waived the fees on all LISPs

From April 1, Sanlam Investment Management (SIM), the asset management arm of the Sanlam Group, will waiver all initial fees charged on their SIM branded collective investment schemes available through linked investment services providers (LISPs).

Candice Paine, Head of SIM retail, said, “This decision was made with our clients’ needs in mind. We wanted to ensure investors were receiving the best value and that we could offer them a price advantage in comparison with many of our competitors.”

She added that SIM has not increased annual management fees to compensate for the loss of income. In addition, no new performance fees would be charged on existing funds.

With effect from April 1, 2009, the following funds will not charge the 25 basis points. This will apply to all fee classes:

- SIM Absolute Return Income Fund

- SIM Active Income Fund

- SIM Balanced Fund

- SIM Bond Plus Fund

- SIM Financial Fund

- SIM Value Fund

- SIM Growth Fund

- SIM Managed Cautious FoF

- SIM Industrial Fund

- SIM Inflation Plus Fund

- SIM Managed Aggressive FoF

- SIM Managed Conservative FoF

- SIM managed Moderate Aggressive FoF

- SIM Property Fund

- SIM Money Market Fund

- SIM Resources Fund

- SIM Small Caps Fund

- SIM General Equity Fund

- SIM World Blue Chip Fund

- SIM Index Fund