management fees

Fidelity Special Values trims investment fees

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.