Stewart Investors reduces sustainability fund fees
![Graphic of businessman cutting the word FEE with an asterisk](https://financialnewswire.com.au/wp-content/uploads/shutterstock_1056015305.jpg)
Another fund manager has announced a fee reduction – this time Stewart Investors Sustainable Funds Group which has reduced the management fee of its Worldwide Leaders Sustainability Fund by 60%.
The manager said it had reduced fees associated with the fund from 1.15% to just 0.45%, claiming it would align with the fund with clients by sharing the proceeds of growth.
“We want our clients to grow their wealth over the long term and reducing fees is a key way to achieve this,” lead portfolio manager, Sashi Reddy 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 Stewart Investors Worldwide Leaders Sustainability Fund aims to generate long-term, risk-adjusted returns for its clients by investing in high-quality companies that are well positioned to benefit from, and contribute to, sustainable development.
The fund holds between 40 and 60 investments at any one time and has an active share of 94 per cent. It normally invests in mid to large cap companies and its comparator benchmark is the MSCI All Country World Index.
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Compare the pair.
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