Fidelity International has unveiled further details of its new variable management fee model, which will launch on 1 March next year across the clean share classes of ten active equity funds.
In particular, there will be a 0.10% reduction to the annual management charge and the variable fee will move between -0.2% and +0.2% of the AMC depending on performance. The new model will operate...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress