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.

Schroders reduces fees on A-rated Rose's Japan trust

Schroders reduces fees on A-rated Rose's Japan trust

Schroders has cut its management fees on the £183 million Japan Growth investment trust by almost half a million pounds.

Citing a continuation vote coming in November 2014 and the effect of the retail distribution review, the trust’s board reported that the current management fee of 1% on the first £150 million of assets and 0.95% thereafter would fall to 0.75% on the first £200 million and 0.65% thereafter.

The trust estimated that at the current level of assets under management, this move would bring the management fee down by approximately £450,000 a year.

‘The board believes that this reduction in management fees will ensure that the company’s fees remain competitive when compared both with peer group companies as well as open-ended funds specialising in Japanese equities,’ commented Jonathan Taylor, chairman of the trust.

However, the board has also agreed to pay Schroders an extra £50,000 a year for the marketing and promotion of the trust ‘to a wider audience’.

Run by Citywire A-rated manager Andrew Rose (pictured), Japan Growth has returned an annualised 12.1% over the past three years compared with 4.2% from the Topix index.

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

Andrew Rose
Andrew Rose
34/83 in Equity - Japan (Performance over 3 years) Average Total Return: 48.63%
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter