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Aberdeen to slash fees on three funds


Aberdeen Asset Management is cutting the fees on three of its funds.

In letters sent to investors, the asset manager says it will cut fees on the £166m World Emerging Markets Equity fund, the £1bn UK Enhanced Equity fund and the £1.1bn Foundation Growth fund.

The annual management charge on the class A shares of the World Emerging Markets Equity fund will reduce from 1 per cent to 0.40 per cent, while the class B share fees will drop from 0.50 per cent to 0.40 per cent.

The annual management charge for the UK Enhanced Equity fund will reduce from 1 per cent to 0.20 per cent, and on the Foundation Growth fund it will drop from 1 per cent to 0.15 per cent. The changes will be effective from 1 April.

Abderdeen says the reductions reflect “the investment strategy and current market environment in which the fund operates”.



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