Funds Must Play Fair With Fees

EDITOR'S VIEWS: We need more fund groups to start putting their investors first, and why we should all start talking about financial advice

Holly Black 14 June, 2019 | 11:10AM
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The ongoing Woodford saga has been a stark reminder of some of the reasons why investment trusts are often a better vehicle through which to invest than open-ended funds. Let’s not forget another important virtue of closed-end funds, though: they are very often cheaper.

Play Fair With Fees

This week Lindsell Train Investment Trust (LTI) announced plans to trim its annual charge by five basis points to 0.6%. It’s hardly reinventing the wheel, but it is a recognition of the fact that just because a manager's assets have grown, it does not follow that their costs do too, and that should be applauded. 

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Lindsell Train Ord1,225.82 GBP-2.52Rating
Scottish Mortgage Ord1,468.81 GBP-1.42Rating

About Author

Holly Black  is Senior Editor,