Some 26 investment trusts slashed fees in the first six months of the year, according to data from the Association of Investment Companies.
Fidelity Special Values investment trust is moving to a tiered pricing structure. The £717 million investment trust, which is run by contrarian manager Alex Wright, will adopt a new pricing strategy from 1 September.
Currently investors in the trust pay an annual fee of 0.875 per cent. Under the new structure the annual charge will fall to 0.85 per cent on the first £700 million of assets under management. Assets over this amount will be charged at 0.75 per cent.
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