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...
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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Increased by ten percentage points