Schroder Japan Growth trust makes changes to fees

The £277m Schroder Japan Trust has changed the way it charges its management fee to base it on net rather than gross assets, which will lead to an overall drop in the fees paid by investors.

The trust, which has significantly underperformed the IT Japan sector over one, three and five years according to FE, will now charge its fee based on the value of net assets. The fee structure will...