Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Martin Currie Global Portfolio Trust PLC - Edinburgh-based investor in sustainable listed growth companies - Amends the investment management fee arrangements with Franklin Templeton Investment Trust Management Ltd. From July 1, the fee will be amended to 0.45% of net asset value per year from 0.5% per year for the first £300 million of the company's NAV and 0.35% for the company's net assets in excess of £300 million. Further, a separate company secretarial fee will no longer be charged.
At the current asset value of £250 million, Martin Currie says this could result in a 14% reduction in annual fees, as well as a simpler cost structure.
Current stock price: 291.00 pence, down 0.3% on Tuesday in London
12-month change: down 29%
Copyright 2022 Alliance News Limited. All Rights Reserved.