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

editor

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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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Lindsell Train Ord1,175.00 GBP1.73
Scottish Mortgage Ord969.50 GBX1.20

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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