Fidelity International drops fulcrum fees following muted demand from retail investors
Fidelity International drops fulcrum fees following muted demand from retail investors Fund group also announced on Tuesday a cut in the OCF of its passive multi-asset range Fidelity is scrapping the variable fee share class across five of its Oeics after a lack of demand saw assets dwindle, while also cutting the cost of its passive multi-asset range. The asset manager’s fulcrum fee share class – W-Variable Management Fee (W-VMF) – was introduced across five of its UK-domiciled Oeics in July 2018 in response to the growing debate around the value of active fund management. It came afte...
Source: portfolio-adviser.com