Fidelity lowers charges on Asian Values trust

Fidelity is cutting the annual management charge on its £182m Asian Values investment trust, as it moves to a tiered pricing structure.

From 1 August 2015, charges will be reduced from 1% per annum to a tiered pricing structure, which starts at 0.9% per annum on the first £200m of the company's gross assets. Should the company's gross assets surpass £200m, the AMC on assets over this value will be 0.85%. Kate Bolsover, chairman of Fidelity Asian Values PLC, said: "We regularly review our fees to ensure they remain competitive, particularly following the Retail Distribution Review, which has resulted in changes to pricing. "Both the Board and Fidelity believe that this change will be attractive to new investors con...