Perpetual reduces fees on fixed income funds
Perpetual will reduce its management fees on nine of its fixed income funds from 1 October, 2020.
The fee reductions range from 0.05% to 0.11%, a Perpetual announcement said.
Commenting, Perpetual Investments general manager of global distribution, Adam Quaife, said: “Following a comprehensive review of the pricing of our fixed income funds, we are pleased to offer reduced management fees for several funds and investment options from 1 October, 2020.
“We are committed to keeping our fees competitive, while at the same time, remaining focussed on delivering quality products that aim to provide regular income. In the current environment, we believe that both pricing and income are more important than ever for advisers and their clients.”
|
Fund |
Current management fee |
New management fee (effective 1 October 2020) |
|
Perpetual Wholesale Diversified Income Fund |
0.7% |
0.59% |
|
Perpetual Ethical SRI Credit Fund |
0.7% |
0.59% |
|
Perpetual Wholesale Dynamic Fixed Income Fund |
0.55% |
0.45% |
|
Perpetual Wholesale Active Fixed Interest Fund |
0.45% |
0.4% |
|
Perpetual Diversified Income |
1.65% |
1.56% |
|
Perpetual Diversified Income |
1.65% |
1.56% |
|
Perpetual Dynamic Fixed Income WealthFocus Investment Advantage |
1.5% |
1.42% |
|
Perpetual Diversified Income WealthFocus Super and Pension |
1.65% |
1.56% |
|
Perpetual Dynamic Fixed Income WealthFocus Super and Pension |
1.5% |
1.42% |
Recommended for you
First Sentier has announced it will transition the Stewart Investors investment management responsibilities to its affiliate investment team in light of three senior portfolio manager exits.
The $365 billion UK fund manager Royal London Asset Management is to launch two funds in Australia by the end of November as it seeks to build an international presence.
With ETF pricing becoming more competitive than ever, those active ETF vehicles priced higher than 120bps are the only segment of the popular product to see outflows.
Income Asset Management has promoted former ASIC commissioner, Danielle Press, as chair of its board following the retirement of John Nantes.
