
Stewart Investors reduces sustainability fund fees
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.
Hang on a minute. Surely Best Interests Duty is not a regulatory hurdle to be overcome in recommending more SMSFs.…
What a joke! "underinsurance has reduced primarily because of the increase in default insurance benefits" How can default insurance have…
Be good if the industry funds themselves stopped receiving commissions on life insurances.
Very few dealer group management teams have ever known much about advice, nor cared about what's best for advisers or…
ISA receives the most COMMISSIONS of anyone in the Industry. 1) Hidden bulk sales commissions for group Life Insurance deals.…