TwentyFour AM reduces fees on flagship Monument Bond fund

Seeing increased demand for ABS

Laura Dew
clock • 1 min read

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 the management fee on its 'I' and 'L' share classes in order to offer clients better value for money.  On the 'I' share class, fees have dropped from 75bps to 60bps, while charges have reduced from 50bps to 35bps on the 'L' class.  Run by Ben Hayward, Rob Ford and Aza Teeuwen, the fund invests primarily in European ABS.   Hayward, partner and portfolio manager at TwentyFour, said h...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Bonds

Join us today to discuss why 2024 is an attractive entry point for fixed income

Join us today to discuss why 2024 is an attractive entry point for fixed income

Sarka Halas
clock 25 March 2024 • 1 min read
Partner Insight: Moving from cash to corporate bonds ahead of cutting-cycles

Partner Insight: Moving from cash to corporate bonds ahead of cutting-cycles

Fidelity International

Ben Deane, Investment Director, Fixed Income - Fidelity International
clock 19 March 2024 • 13 min read
JP Morgan AM to wind up Sterling Bond fund as assets dwindle

JP Morgan AM to wind up Sterling Bond fund as assets dwindle

Fund size of £29m

clock 18 March 2024 • 1 min read
Trustpilot