This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. This material should be considered as general market commentary.
Fund costs continue to attract the scrutiny of regulators, the media and the public alike. Investment trusts, with their independent boards acting in the interests of shareholders, are better placed than open-ended fund boards to negotiate with service providers for the best deal possible.
We review the changing fee landscape among investment trusts in 2019, using proprietary analysis, and discuss which boards have done most to reduce costs for investors this year.
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