Fidelity to bring in performance-based fee structure

James Phillips
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Fidelity to bring in performance-based fee structure

Fidelity International will adopt a new active fund fee model that shares the risk and reward of investment performance with clients, known as a "fulcrum fee".

Client fees will vary depending on whether the £305bn asset manager has outperformed or underperformed benchmarks, with the base management fee reduced. Where there is outperformance, both Fidelity...

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