M&G cuts annual fee on Calich's Emerging Markets Bond fund

From 0.75% to 0.6%

M&G Investments has cut the annual management charge on its £167.8m Emerging Markets Bond fund by 15bps, Investment Week can reveal.

From 6 September the fund, managed by Claudia Calich (pictured) alongside Charles De Quinsonas, will charge investors 0.6% a year, down from 0.75%. According to FE, as of 8 August the fund is a top quartile performer over one, three, and five years. Over three years it has returned 40.2%, versus an IA Global Emerging Market Bond sector average of 14.9%. M&G's Calich: The opportunities in hard currency debt The news comes after M&G announced in May the launch of an online service offering lower fund charges to customers who sign up directly, with the OCF for a typical M&G Equity ...