Capital Group Investment Management, the responsible entity for Capital Group Australia Funds, has announced it is reducing its management fees across its range of Australian funds.
The new fee regime would be effective from 1 July, 2022.
The firm said the new fee regime was being introduced to ensure a “transparent, consistent and competitive fee offering” for existing and prospective Australian clients.
This would reflect the benefits of scale Capital Group had achieved in the Australian market.
Jorden Brown, managing director, financial intermediaries (Australia and New Zealand), Capital Group Australia, said: “The process to establish Capital Group’s new fee regime in Australia has been methodical, deliberate and underpinned by one objective – to aim to deliver to our clients competitive, long-term quartile-one returns with quartile-four fees.”
The new fee regime was:
