UK-based accountants firm Smith & Williamson and Pictet Asset Management are planning to reduce annual management charges (AMCs) on several funds, as part of their clean pricing strategies.
Effective 1 April 2014, Smith & Williamson will reduce AMC charges on 13 of its funds with multi-manager fund charges dropping from 75bps to 65bps, and the typical bond fund AMC dropping from 65bps to 55bps.
Go deeper with GlobalData
However, Smith & Williamson will not reduce charges on the Short-Dated Corporate Bond B class at 65bps, MM Cautious Growth B class at 70bps and Enterprise C class at 90bps.
Smith & Williamson marketing and sales head Nick Hodgson said, "We at Smith & Williamson have looked carefully at the level of our fees, and concluded that we can reduce them for those funds which are not capacity-constrained."
Pictet will reduce charges on some of its funds from 75bps to 60bps on its Japan Opps, Water, High Dividend Selection, Emerging Local Currency Debt and Small Cap Europe funds.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
