The closed-ended sector appears to have been leading the way in the first half of 2018 in terms of reviewing and reducing fees for shareholders.
According to the Association of Investment Companies (AIC), a total of 26 vehicles made fee changes over H1 2018. This included seven investment companies removing their performance fees (never a popular structure with retail investors) and ten introducing tiered management fees, up from four and five respectively in the first half of 2017. Third pricing tier introduced on Plowden's Monks trust Ian Sayers, chief executive of the Association of Investment Companies (AIC), commented: "Over the first half of 2018, more investment company boards have negotiated lower fees for sharehold...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
