Fidelity puts hard numbers to new fund fees that rise or fall on success - to reveal what investors may pay



One of the City's largest investment firms has revealed some hard numbers behind its proposed new variable fee structure - where investors will pay more if a fund does well but less if it lags.
Fidelity International first announced the move to the 'fulcrum fee', as it was dubbed at the time, in October. However, it failed to put any numbers behind this to show what it would actually cost
The basis of the system is a lower fixed charge as the starting point and a variable element that goes up or down depending on how the fund performs versus its benchmark.
From 1 March next year there will... read more

 
30 November 2017 in Business, Views: 50
Source: Daily Mail
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