M&G instigates fee cuts across 75% of UK OEIC AUM
Changes affect 45 funds
The changes affect around 75% of the firm's total AUM
M&G Investments has cut fees across 45 funds representing around 75% of the firm’s assets under management (AUM) held within its UK OEIC fund range, following a review.
As of 15 February 2021, the firm's largest offerings, the £3.2bn M&G Corporate Bond and £2.6bn M&G Global Dividend funds will take a 20 basis point reduction and be available for 0.45% and 0.7% respectively....
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