20th Mar 2014 14:24
LONDON (Alliance News) - Capital Gearing Trust PLC Thursday said its investment management fee will be reduced from April 6 because of the growth in the value of its gross assets.
The investment company, which invests in quoted closed-ended and other collective investment vehicles, said its investment management fee will fall to 0.6% from the 0.85% set in 2003.
The trust's shares were Thursday quoted at 3,397.52 pence, up 0.4%.
By Samuel Agini; [email protected]; @samuelagini
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