Fidelity Special Values reduces fee as Alex Wright dials up gearing

25bps fee cut

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,...