Determining the value of low-cost ETFs
ETFs have evolved significantly in recent years but do such products have a key place in a portfolio or are issuers falling wide of the mark?
Fees
-
-
Cheapest UK equity funds fail to perform
Only 5% of the top-performing funds in the IA UK All Companies sector have an ongoing charges figure lower than 0.70%, according to analysis by Chelsea Financial Services.
-
Invesco puts foot down on fee pressure
Invesco has announced it is stepping down as investment manager on the Invesco Perpetual Enhanced Income trust, in a shock move that is being put down to a clash with the board over performance fees.
-
Fidelity Asian Values adopts variable fee
Fidelity Asian Values has become the second investment trust run by the firm to adopt a variable management fee model.
-
AllianzGI unveils ‘outperformance’ pricing model
Allianz Global Investors plans to introduce an “outperformance” pricing model on five of its UK retail funds
-
Blackrock ditches performance fees in investment trust
The Blackrock Smaller Companies Trust is ditching performance fees in an effort to stay competitive with rival investment trusts.
-
FCA unveils market study rules, but industry scrutiny continues
The Financial Conduct Authority (FCA) has today published final rules and guidance from its asset management market study, but its scrutiny of the industry continues with an additional consultation focused on fund objectives and benchmarks.
-
Fidelity investment trust index switch coincides with fee changes
Fidelity Japanese Values has become the first investment trust run by the asset manager to adopt its variable management fee model, but has also announced plans to switch to a poorer performing benchmark.
-
Pension fund’s fee demands reassuring for advisers
A policy from the world’s largest pension fund to only work with asset managers that adopt performance-based fees should be reassuring for advisers even if they lack the scale to make same demands, Orbis UK head Dan Brocklebank has argued.
-
Miton boss dismisses extending tiered fees to Oeics
Miton chief executive David Barron has dismissed extending tiered fees on investment trusts to the boutique manager’s open-ended range, arguing fixed ad valorem fees are easier to understand.
-
JPMAM variable fee leaves room for further economies of scale
JP Morgan Asset Management’s decision to pass on some economies of scale through its operating expense fee is being welcomed as a step in the right direction, but asset managers should be re-examining their annual management charge in order to truly provide value for investors.
-
Exposing the true cost of investing
The mere threat of more transparency will push asset managers to offer discounts to investors, according to one industry expert on a quest to uncover the true cost of investments and the apparent conspiracies against transparency in the market.