For the vast majority of funds available to invest in through Old Mutual Wealth, we have been able negotiate a full discount on any initial charges for a fund, such as you might pay if you invested directly with the fund manager. This is one of the many benefits of investing on a platform. The combined buying power of all of our customers enables us to offer the lowest fund prices for 80% of the funds available in the market.
For a very small minority of funds some small initial charges still apply, where we have been able to heavily discount but not remove completely. The fund price showing on your statement transactions for these funds is the normal price of the fund on the day the transaction was made. However, the transaction value showing in the statement was calculated using that fund price minus any initial charge that would have been payable on that fund.