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

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
BlackRock Latin American Ord337.00 GBP-0.29
Investec UK Sustainable Equity I GBP Acc121.35 GBP-0.95
Virgin UK Idx Tracking Trust227.80 GBP-0.09
VT AJ Bell Passive Adventurous I Acc112.89 GBP-1.20
VT AJ Bell Passive Moderately Adv I Acc113.90 GBP-0.69
Witan Ord184.80 GBP0.22
Witan Pacific Ord353.06 GBP1.31

About Author

Emma Simon

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

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