Forcing KIID and prospectus changes
Cutting fee to 0.6%
Follows criticism of structured products
Why two index trackers might give very different results
OCF of 0.14%
Net retail sales of £583m as investors 'tempted' back in
Tracking gilts and UK corporate bonds
Report by Copley Fund Research
A list of 13 index funds added
Aims to deliver an 'index-like experience'
Targets companies with high ESG ratings
Retail share class to come later in year
Investors return to funds ahead of ISA deadline
Active fixed income funds also saw uplift
Follows acquisition of SWIP
What is indisputable is the issue of 'closet trackers' has long been a serious blight on the reputation of the whole active management fund industry.
Halves fees on three trackers
Charges cut on seven-strong range
Vanguard has removed the dilution levy on its Lifestrategy funds after the range surpassed £2bn in assets under management.
BlackRock has reduced the ongoing charges figure (OCF) on five of its most popular index funds with nearly £16bn in assets under management.
Fixed income funds saw their first net outflows since January 2014 last month, according to the Investment Association's (IA) latest figures.
European equity funds saw record net retail sales in March according to The Investment Association (IA)'s latest sales figures, but UK All Companies suffered record outflows as investors continued to turn their backs on UK equities.
Some 30% of money held in the IMA's two main UK equity sectors is stuck in closet trackers that are losing investors money, according to new research by Premier Asset Management.
Fund Management Summit