Stewart Investors sustainability fund reduces fee by 60%

CFS/fees/Stewart-Investors/sustainability/

8 October 2021
| By Jassmyn |
image
image image
expand image

Stewart Investors has launched a wholesale version of its Worldwide Leaders Sustainability fund which has a reduced fee compared to the existing fund. 

The fund’s management fee would reduce from 1.15% to 0.45% and the fund’s lead portfolio manager, Sashi Reddy, said the reduction aligned the fund with clients by sharing the proceeds of its growth.

“We want our clients to grow their wealth over the long term and reducing fees is a key way to achieve this,” he said.

“Our goal is to offer a low-cost, active investment strategy run with a world-leading approach to sustainable development that has evolved over decades. We launched our first sustainability fund in 2005.”

The fee of the existing fund remained unchanged. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 6 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3