Fidelity Special Values reduces fee as Alex Wright dials up gearing
25bps fee cut
Alex Wright of Fidelity International
Fidelity Special Values (FSV) will reduce its management fee by 25 basis points from 1 January 2021, as the investment trust swaps its current tiered structure to a single, flat fee.
The board of the £523.7m investment company said it would move to a single fee of 0.6% of net assets at the turn of the year. It currently has a tiered structure of 0.85% on the first £700m of net assets,...
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