19th Jan 2021 16:41
Martin Currie Global Portfolio Trust PLC - investment firm - Following review, agrees with Martin Currie Investment Management Ltd that, with effect from February 1, the performance fee arrangement will be discontinued and the investment management fee amended from 0.4% to 0.5% per annum for the first GBP300 million of the company's net asset value and from 0.4% to 0.35% for net assets in excess of GBP300 million. The trust said it is confident that the new structure will maintain a competitive ongoing charge and contribute to increasing shareholder value.
Current stock price: 371.50 pence
Year-to-date change: up 0.4%
By Evelina Grecenko; [email protected]
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