Capital Group Australia reduces management fees
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:
AUTHOR
Liam Cormican
Recommended for you
Blackwattle Investment Partners has hired a management trio from First Sentier Investors – who departed amid the closure of four investment teams last year – to run its first equity income offering.
After passing $300 billion in funds under management, Betashares is forecasting the Australian ETF industry could reach $500 billion by the end of 2028.
Ausbil is to expand its active ETF range with two ASX-listed launches, one focusing on global small caps and one on listed infrastructure.
Up to 20 per cent of wealth and asset managers globally are set to be acquired in the next five years, according to Morgan Stanley, with focus expected to move to ‘inter-sector’ deals between industries.
