Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of 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

Related Fund Managers

Andrew Rose
Andrew Rose
20/52 in Equity - Japan (Performance over 3 years) Average Total Return: 22.37%
Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter