Industry commentators have praised Fidelity International for "taking the lead and being the first to think about a different fee structure" as the group unveils further details of its new 'fulcrum fee' model, but warn it could be "difficult for investors to get their heads around" while they could end up paying more for outperformance.
Fidelity announced in October it would be introducing a variable management fee model alongside existing pricing structures, as pressure mounts for active managers to prove their worth against passive...
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