TwentyFour Asset Management has reduced the fees on its Monument Bond fund from 75bps to 60bps as a result of increased investor demand for asset-backed securities (ABS).
The flagship fund, which was launched in 2009, recently surpassed £700m in assets under management and is one of the firm's oldest funds. As a result of demand for ABS, the firm has decided to reduce...
Formerly managed by Bill Gross at Janus Henderson
Opportunity in high yield laggards
Industry Voice: Is uncertainty creating a buying opportunity for active managers or is the UK at risk of becoming a zombie nation due to flagging fundamentals?
Will remain as president