BlackRock lowers fund fees

Firm lowers AMCs, TERs on funds

Jackie Beard, FCSI 18 December, 2009 | 11:39AM
Facebook Twitter LinkedIn
BlackRock has confirmed that effective 9 Oct 2009, the annual management charge on retail share classes of six funds in their Luxembourg-listed range have been reduced, in each case by 25 basis points. Alongside this, the total expense ratio on 12 of their funds in this range has reduced by 10 basis points or more.

We’re delighted to see these reductions as investors will undoubtedly benefit – in five of the six cases, the AMC is now 1.5%, down from 1.75%. On BGF Emerging Europe, the AMC has dropped from 2% to 1.75%.

The six funds in which investors will benefit are BGF Emerging Europe (rated

n-GB">Standard by Morningstar); BGF European Opportunities (rated Standard); BGF Japan Small and MidCap Opportunities; BGF World Financials; BGF World Healthscience (rated Superior) and BGF World Technology.

We would also highlight the reduction of the TER on the Standard-rated BGF China as this has fallen below the 2% level to 1.86%.

While the funds’ absolute fees cannot be said to be low, the move is clearly in favour of investors and much to BlackRock’s credit.

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.

Facebook Twitter LinkedIn

About Author

Jackie Beard, FCSI

Jackie Beard, FCSI  is Director of Manager Research Services, Morningstar EMEA

© Copyright 2022 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings