HSBC underwhelms with tiered fees – Ignites Europe

‘…Fitz estimates that HSBC’s tiered management fee would represent a 3.6 per cent cut to the firm’s revenues across its World Selection funds.

Ms Guthrie says: “The level of assets at which economies of scale can be passed on, and the corresponding discount, should really be reviewed each year as part of the assessment of value process, at which point such tiered management fee structures could be extended to other funds in the range.”‘

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