Dimensional cuts fees across 93% of its UK and Ireland-domiciled AUM

12% reduction for impacted funds

US fund house Dimensional has cut management fees across 26 of its UK and Ireland-domiciled equity and fixed income funds.

The fee reduction benefits 93% of the firm and its affiliates' total assets under management (AUM) and will take effect from 4 May 2021. Over half asset management leaders planning 2021 fee cuts It represents a 12% reduction on an asset-weighted for the impacted funds, which will now all be available for a management fee of less than 0.5%, excluding Emerging Markets Targeted Value, which receives a 13 basis point cut to 0.57%. These reductions affect funds targeting a range of regions including UK, European and emerging markets, as well as global products which span value, smaller ...