Fees for active management down 15% since 2017 putting pressure on passives
Average annual cost of equity fund now 0.85%, finds FundCalibre
The average annual charge for active equity is down from 1.13% to 0.95%
Actively managed equity fund fees have fallen by more than 15% over the past four years to an average of 0.95%, as the UK fund industry reacted to the “passive threat” by lowering charges, according to FundCalibre.
Its analysis, based on FE fundinfo data on ongoing charges figures (OCFs) in January 2017, 2018, 2019, 2020 and 2021, found that the average annual charge for active equity is down from 1.13% to 0.95%,.
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Strategic Equity Capital Plc - Half-year Report
PR Newswire
HALF YEARLY REPORT AND FINANCIAL STATEMENTS SIX MONTH PERIOD ended 31 DECEMBER 2020
The full Half Yearly Report and Financial Statements can be accessed via the Company s website at: www.strategicequitycapital.com or by contacting the Company Secretary by telephone on 0131 378 0500.
Copies of the announcement, annual reports, quarterly update presentations and other corporate information can be found on the Company s website at: www.strategicequitycapital.com
FINANCIAL SUMMARY
Net asset value ( NAV ) per Ordinary share
281.80p
(17.7)%
(20.8)%
63,296,844
Six month period to
18.1%
19.3%
1.35%
1.05p
n/a
High
Introduction
While Covid, and the response of governments and businesses, continues to dominate the landscape, in the UK at least, there are signs that the worst is now over. In the early days of the pandemic the investment universe was clearly divided into the perceived winners and losers with share
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Home / News / Richard Buxton’s fund and 20 others to see Merian name dropped in Jupiter rebrand
Richard Buxton’s fund and 20 others to see Merian name dropped in Jupiter rebrand
14 funds keeping the Merian moniker in some capacity could lead to confusion
Richard Buxton’s £805m fund is among a slew of funds to drop the Merian moniker as Jupiter brings the products in line with its existing range following a brand refresh.
Around 20 of Merian’s branded products will adopt the Jupiter prefix and branding with immediate effect.
Buxton’s (pictured) UK Alpha fund is among the vehicles that will shed the Merian badge and come under the Jupiter banner.