IFM Investors announces global fee rebate
Global institutional fund manager, IFM Investors has announced that its investment outperformance has led the firm to announce a fee rebate to clients globally delivering lower costs and higher net returns to people in 19 countries.
The firm also said it would continue to invest in expanding its capabilities to support its clients’ focus on investing globally and would aim to retain funds to ensure a resilient financial balance sheet position, given the range of uncertainties across global markets.
The fee rebate would be an equivalent to 7.5 per cent of annual net recurring investment management fees paid by IFM’s institutional investors in 19 countries.
IFM Investors’ chief executive, Brett Himbury said: “Our unique ownership structure and the strength of our performance provides us the flexibility to implement a capital management program that can rebate fees to investors, invest in scale and provide the flexibility to retain funds to seed new investment capabilities,”
“We want to send a very clear message to our investors, and indeed, our competitors, we are determined to set world-class standards that genuinely put investors first.”
AUTHOR
Oksana Patron
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
