Update: Fidelity's Anand - New fee structure puts firm's revenues at short-term risk
Reveals details of new pricing structure
Fidelity unveils details of 'fulcrum fee' model
Fidelity International's CIO of equities for Europe Paras Anand has said it "remains to be seen" what the take-up will be for the group's new variable management fee model, with revenues at risk in the short term while the group tries to build market share.
The group unveiled further details of its new charging structure today, which include a 0.10% reduction to the annual management charge and the variable fee moving between -0.2% and +0.2% of the AMC depending...
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