Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Montanaro cuts trust fees & gives Oeic UK equity income makeover

1 Comment
Montanaro cuts trust fees & gives Oeic UK equity income makeover

Montanaro has reduced the charges on its European Smaller Companies trust, and also repositioned its open-ended Equity Income fund to focus on the UK.

The £111 million Montanaro European Smaller Companies trust has brought its management fee down from 1% to 0.9%, and also dropped its performance fee.

Over the past five years the trust has returned 144.8%, compared with 149.6% from its benchmark MSCI Europe excluding the UK Small Cap index.

Separately, Montanaro also recently switched the focus of its Equity Income fund from pan-European small-caps to emphasise the UK so that it can enter the UK Equity Income sector.

The fund has returned 213.1% over the past five years, beating both the 211.8% from its MSCI Europe Small Cap benchmark and the average of 125.4% from the IMA sector for the period.

Managed by Charles Montanaro (pictured), the fund currently imposes no annual management charge and will not do so until its assets pass £100 million. They currently stand at £74 million.

Last year the £212 million Montanaro UK Smaller Companies trust too announced that it would axe its performance fee and lower its management fee from 1% to 0.85%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Charles Montanaro
Charles Montanaro
46/52 in Equity - European Small & Medium Companies (Performance over 3 years) Average Total Return: 25.41%
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter