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Down slightly

22 August 2004 Angelo Coppola

Allan Gray Unit Trust Management has announced that it has reduced the management fee of the their Money Market Fund from the standard 0.5% per annum charge to one of 0.25% per annum.

(22.8.04) Their Money Market Fund has always been seen as a 'parking place' for investors' capital as opposed to a 'wealth creating' entity.

The fee change has been made in order to assist investors and is in line with the wholesale nature of money market investments.

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