The annual management charge on the Franklin UK Rising Dividends Fund, the Franklin UK Equity Income Fund and the Franklin UK Opportunities Fund has been reduced from 75bps to 45bps for the W share class.
The firm said the cuts have been made in response to what it sees as a greater need from UK investors for access to actively managed funds at a lower cost. The three funds continue to offer the same management teams and strategies.
The funds have been chosen as they are actively managed primarily large cap portfolios with no capacity constraints.
“Investors are facing an ever increasing challenge of generating income and growth in the current low-yielding environment,” said Colin Morton, portfolio manager, Franklin UK Equity group. “The Franklin UK Equity team adopts a cautious approach to investment by utilising the team’s high quality stock-picking expertise to enable us to deliver consistent returns for our clients. We believe this, combined with the newly introduced market leading management fee, presents a strong value proposition within the UK equity space.”
Head of UK retail sales Alex Brotherston added: “At Franklin Templeton we continually review the fees of our funds, working closely with our clients to evaluate their requirements.”
