Schroders is adapting a new performance-related fee structure for the QEP Global Core Fund, Professional Pensions reports. The move comes as the global asset manager is seeking to make active management more available to defined contribution investors.
At present, the portfolio, managed by the QEP global equities team led by Justin Abercrombie, has a standard initial fee, which is an annual management charge of 0.35 percent. The new structure will see a base annual management of 0.20 percent with a performance fee of 20 percent of the simple outperformance of the benchmark.
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