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.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: from Batman Live to commodity beta

Profile: from Batman Live to commodity beta

Charteris may be a family affair, but the company is not at any risk of turning sentimental

Wealth Manager on Twitter