The board of Finsbury Growth & Income trust has introduced a tiered structure to its management fee arrangements which will see a reduction in cost once the trust exceeds £1bn in size.
The trust, managed by Nick Train (pictured), is currently £963m - almost £300m more than its £673m size as at 30 September last year. Fees will be reduced to 0.54% per annum when the trust moves above...
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Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps
Revised from 0.3% to 0.2%