Invesco Perpetual reduces fees on two Select Trust strategies

Took effect from 1 June

Invesco Perpetual has announced a reduction in fees on its Invesco Perpetual Select Trust UK Equity and Global Equity Income strategies.

The £150m Invesco Perpetual Select Trust, which has four share classes offering exposure to a range of strategies, will see the base management fee on its UK and global equity strategies reduce from 0.65% to 0.55% per annum. Meanwhile, the maximum performance fee payable in any one year will reduce from 0.65% of net assets pa to 0.55%. Winterflood's top investment trust picks for 2017 The UK equity strategy (£70m) is managed by James Goldstone and is currently trading on a discount of 1%, while the Global equity portfolio (£65m) is managed by Nick Mustoe (pictured) and is trading o...