TwentyFour AM reduces fees on flagship Monument Bond fund

Seeing increased demand for ABS

Laura Dew
Ben Hayward of TwentyFour Asset Managment

Ben Hayward of TwentyFour Asset Managment

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...

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