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60% of the time trusts are also cheaper
Can't transfer between share classes
Could damage active management industry
To protect the interests of clients and shareholders
Research following Woodford gating
Succession risk
Top five holdings make up 45%
LTIT to see fees cut from 0.65% to 0.6% next month
Grows pre-tax profits by 46%
Rathbones, Schroders and HL rallied last month