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.
You are assuming they are trying to fix the "problem". They're trying to keep home owners happy and working on…
Mr Molino was never the member for Fraser in the ACT. The seat was renamed Fenner for the 2016 election…
Govts disastrous failures. 20 years of morons in Canberra and look at the results. Housing & Fin Advice two very…
The PHD in economics is the scariest. How many academics actually understand the real world
Money is leaving at a slower rate with this being considered by AMP management as a positive. Australia's Money Pit…