Charges Cut on Passive Funds in January

NEWS YOU CAN USE: Virgin Money slashes tracker fee, AJ Bell cuts fees on multi-asset portfolios, BlackRock loses LatAm fund manager

Emma Simon 31 January, 2019 | 12:24PM
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charges cut on passive funds in January pensioner investor fees

Fund charges made the headlines this month, with a long-overdue reduction on the fees charged on Virgin Money’s FTSE All-Share tracker. When this fund was launched in the mid-1990s its main selling point was that it offered a low-cost alternative in a market dominated by higher-charging active funds.

Since then the market has changed beyond recognition. Passive strategies are more popular than ever, and annual charges have tumbled as a result, to as little as 0.06%.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Baillie Gifford China Growth Trust Ord390.01 GBP-0.51Rating
BlackRock Latin American Ord333.01 GBP0.61
Ninety One UK Sustainable Equity I £ Acc153.83 GBP0.31
Virgin UK Idx Tracking Trust274.90 GBP-0.25Rating
VT AJ Bell Adventurous I Acc143.66 GBP0.24Rating
VT AJ Bell Moderately Adv I Acc138.21 GBP0.12Rating
Witan Ord248.00 GBP0.00Rating

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk