First State Investments is implementing a new fee charging structure to its Global Opportunities fun...
First State Investments is implementing a new fee charging structure to its Global Opportunities fund which could see investors pay no AMC if the fund performs badly. The fee-adjusted product will lower its annual management charge based on the fund's performance, but investors pay no annual management charge should the fund fall into fourth quartile performance. The AMC will be set at 1.00% but adjusts down in three transparent steps, dependent on the First State Global Opportunities Fund's quartile performance each month, as analysed by Lipper Hindsight. If the fund achiev...
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