LGIM raises management fee on £2.3bn UK Property fund

Reflects costs of running fund

Daniel Flynn
clock • 1 min read

Legal & General Investment Management has increased the annual fund management fee on its £2.3bn UK Property fund from 1.42% to 1.5%, with effect from March.

The new charging level will take effect from 7 March next year and all unit-holders will be notified of the change in January. The fund management fee, which is equal to the ongoing charges figure (OCF), will increase from 1.42% to 1.50% on the retail share class, and from 0.63% to 0.75% on the institutional share class. The increase reflects the costs of running an open-ended fund in an illiquid asset class, the group said. Honor Solomon (pictured), head of retail distribution EMEA at LGIM, said: "Investors are attracted to the high quality investments and rigorous processes adopt...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Funds

Passive asset managers pick up steam in fund selector rankings

Passive asset managers pick up steam in fund selector rankings

Broadridge Fund Brand 50 Report

clock 26 March 2024 • 2 min read
Robeco expands emerging markets equity range with ex-China strategy

Robeco expands emerging markets equity range with ex-China strategy

More ‘balanced’ exposure to EM

Valeria Martinez
clock 26 March 2024 • 2 min read
Robeco and Gravis partner for digital infrastructure fund launch

Robeco and Gravis partner for digital infrastructure fund launch

Growth and income focus

clock 21 March 2024 • 1 min read
Trustpilot