Schroders reduces fees
Schroders will reduce its management fees across 16 of its funds in October and its sustainable themed funds will have an average fee reduction of 28%.
The funds with the reduction were across Australian and global equities, Australian and global fixed income, and multi-asset.
Schroders Australia chief executive, Chris Durack, said: “Schroders’ sustainable themed funds benefit from an average fee reduction of 28%, while fees for the wholesale class of the Schroder Wholesale Australian Equity fund - one of the longest standing active Australian equity funds – will decrease by 13%.
“There will also be significant fee reductions for the wholesale classes of the Schroder Global Emerging Markets fund (from 1.4% a year to 1% a year) and the Schroder Asia Pacific fund (from 1.37% a year to 1.1% a year). Further, fees for the popular Schroder Real Return CPI Plus 5% fund will reduce from 0.9% a year to 0.85% a year.
“With ongoing challenges across our industry, it’s never been as important as it is now to ensure that fee levels are competitive.”
Schroders told Money Management that the last major review of their fees across a broad range of funds was in 2008.
Schroder fee changes
|
Fund |
Current management fee |
New management fee effective 1 October 2020 |
|
Schroder Wholesale Australian Equity Fund |
0.92% |
0.80% |
|
Schroder Equity Opportunities Fund - Wholesale Class |
0.92% |
0.80% |
|
Schroder Asia Pacific Fund - Wholesale Class |
1.37% |
1.10% |
|
Schroder Global Emerging Markets Fund - Wholesale Class |
1.40% |
1.00% |
|
Schroder Emerging Markets Sustainable Fund - Wholesale Fund |
1.40% |
0.85% |
|
Schroder Global Sustainable Equity Fund (Hedged) - Wholesale Class |
0.98% |
0.75% |
|
Schroder Global Sustainable Equity Fund - Wholesale Class |
0.98% |
0.75% |
|
Schroder Global Recovery Fund - Professional Class |
0.80% |
0.70% |
|
Schroder Global Core Fund - Wholesale Class |
0.40% |
0.30% |
|
Schroder Global Value Fund - Wholesale Class |
0.98% |
0.75% |
|
Schroder Global Value Fund (Hedged) - Wholesale Class |
0.98% |
0.75% |
|
Schroder Fixed Income Fund - Wholesale Class |
0.50% |
0.45% |
|
Schroder Absolute Return Income Fund - Professional Class |
0.54% |
0.38% |
|
Schroder Real Return CPI Plus 5% Fund - Wholesale Class |
0.90% |
0.85% |
|
Schroder Real Return Fund (ASX: GROW) |
0.90% |
0.75% |
|
Schroder Strategic Growth Fund - Wholesale Class |
0.90% |
0.85% |
Recommended for you
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
Perpetual has confirmed it has entered into an exclusivity agreement with a US private equity firm to progress discussions regarding the sale of its wealth management division.
Paradice Investment Management has become the latest fund manager to launch an active ETF version of its managed fund, placing greater emphasis on retail distribution.
