Franklin Templeton reduces AMC on three UK equity funds

Effective from 1 July

Franklin Templeton has cut the annual management charge on three of its UK equity funds, including its £180m UK Equity Income strategy.

The group said it will reduce the AMC on the primary W share class from 75bps to 45bps from 1 July on the Franklin UK Equity Income fund, £22m UK Rising Dividends fund, and £66m UK Opportunities fund. It said the move had been made in response to a greater need from UK investors for access to actively-managed funds at lower costs. Franklin UK equity team: How we have been taking advantage of market shake-up Alex Brotherston, head of UK retail sales, said: "At Franklin Templeton we continually review the fees of our funds, working closely with our clients to evaluate their requirem...