Schroders has revealed a fee cut for its multi-asset active fund range from 29bps to 22bps on the back of its latest adviser research work.
The asset manager confirmed today (2 May) that it has cut ongoing charges to a maximum cap of 0.22% from 0.29%. Head of UK intermediary solutions Gillian Hepburn said: "Schroders' UK Financial Adviser Survey continues to highlight the growing appetite among advisers for outsourced investment solutions and, in particular, multi-asset funds. "Our survey has also indicated that, when selecting multi-asset funds, performance and cost are the two key considerations; these funds boast a robust performance track record and now have an even more competitive price point." 'Akin to raising t...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
