Investment Trusts Cut Fees and Raise Dividends

NEWS YOU CAN USE: This month - Aberdeen, JP Morgan and Invesco Perpetual cut investment trust fees while the FCA launched review of fund platforms

Emma Simon 27 July, 2017 | 2:21PM
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There was a wave of investment trust announcements this month: with new listings, changes to dividend policies, and a number of fee reductions on leading trusts. Elsewhere many fund managers are still digesting the wide-ranging industry reforms proposed by the Financial Conduct Authority at the end of June. The FCA published further details about its related review of fund supermarkets and platforms.

Watchdog Investigates Fund Platforms

The FCA has set out the terms of its investigation into fund platforms and supermarkets – announced as part of last month’s review into the asset management industry. This market study will focus on whether the platforms — which have grown exponentially in recent years – offer consumers value for money.

This ‘broad scope’ investigation will also look at wealth managers, bank and life companies, as well as more online fund platforms.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Aberdeen Emerging Markets Ord724.00 GBP0.00Rating
Invesco Select UK Equity Ord189.01 GBP0.81
JPMorgan American Ord706.07 GBP1.01Rating
Residential Secure Income Ord97.81 GBP-1.00
Royal London Sustainable Leaders C Acc290.01 GBP0.66Rating
ScotGems75.00 GBP0.00

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for