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.