The board of the £286m Fidelity Asian Values investment trust has announced plans to introduce a new variable management fee, to "align shareholder interests with the investment style of the portfolio manager".
The new model, which will be effective from 1 August 2018, will replace the trust's current tiered fee structure, where a fee of 0.90% of gross assets is charged on funds up to £200m and 0.85% for any...
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