Alphinity lowers global equities management fees

alphinity/Fidante/global-equities/

8 April 2022
| By Liam Cormican |
image
image
expand image

Alphinity Investment Management is lowering the management fees of its two global equity funds from 1.00% to 0.75%.

The changes were inclusive of goods & services tax and net of reduced input tax credit.

With changes to take place from 1 May, the fee reduction followed a review of the funds by Alphinity and Fidante Partners, the responsible entity for both funds. Performance fees for both funds would remain the same.

Alphinity Global portfolio manager, Jonas Palmqvist, said: “Both Alphinity and Fidante Partners are focused on ensuring costs to investors remain appropriate and in line with market expectations, and our new management fee structure is a reflection of this”.

The first fund to change its fees, the Alphinity Global Equity fund, sought to invest in a concentrated set of quality companies, identified as undervalued and within an earnings upgrade cycle.

The second was the Alphinity Global Sustainable Equity fund, a strategy that retained the approach of the flagship global fund but also applied an environmental, social and governance methodology to its investments.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 5 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND