Legal & General Investment Management has removed performance fees from three multi-asset funds it offers.
Investment Adviser reports that the move comes as firms shift away from performance-based fee models, with a recent study conducted by Fitz Partners, a mutual fund research firm specialising in fees, finding that average performance fees on European funds have fallen by 4 percentage points.
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LGIM axes performance fee on multi-asset trio – Ignites Europe
- May 16, 2017
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