Fidelity Special Values reduces fee as Alex Wright dials up gearing

25bps fee cut

David Brenchley
clock • 4 min read

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, reducing to 0.75% of net assets in excess of £700m. Its current AMC makes it the most expensive trust in the IT UK All Companies sector, according to FE fundinfo. Its new structure will make it cheaper than Artemis Alpha, JPMorgan Mid Cap and Schroder UK Mid Cap. Numis drops Temple Bar in favour of Alex Wright's Fidelity Special Values In addition, it has removed the fixed a...

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

Trustpilot