Columbia Threadneedle has dropped the performance fees on its UK OEIC range in efforts to reflect the active manager’s “duty” to offer better value to clients.
The change, effective from 1 January, will impact the firm's UK Absolute Alpha and UK Extended Alpha funds, as well as American and Global Extended Alpha funds, which are both top quartile performers over five years in their respective sectors. The dangers of investment management fee reductions Columbia Threadneedle's American, Global and UK Extended Alpha funds have returned 114.7%, 99.5% and 50.7% over five years respectively, according to FE Fundinfo, while the UK Absolute Alpha fund has returned 6.5%. Head of UK wholesale at Columbia Threadneedle Investments Alastair Caw said ...
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
