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
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
L1 Capital, which is in talks to merge with Platinum Asset Management, has indicated it will be voting against a deal to convert a Platinum LIC into an ETF.
Evidentia Group has hired a head of quantitative investments who joins the investment firm and managed account provider from AMP.
