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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Home / Profile / ASI Income Focus duo: Liquidity and risk management are ‘front and centre’ now Woodford is out of the picture
ASI Income Focus duo: Liquidity and risk management are ‘front and centre’ now Woodford is out of the picture
Managers Charles Luke and Tom Moore discuss the fund one year on from Neil Woodford and navigating the Covid crisis
It’s been a year since Aberdeen Standard Investments UK equity income duo Tom Moore and Charles Luke replaced fallen star fund manager Neil Woodford on the Income Focus Fund.
When Woodford’s youngest fund suspended on 16 October 2019 its future was far from certain. The day before, authorised corporate director Link confirmed it would be winding up the Woodford Equity Income Fund, and Woodford himself announced he would be shutting his Henley on-Thames funds empire for good.
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