Overview
Invesco Income Growth’s Board has negotiated a change to the management fee. With effect from 1 April 2015, the fee will be 0.65% on the first £150m of market capitalisation and 0.55% above this level.
The fee was 0.7% up to £100m, 0.6% on the next £50m and 0.55% on the next £50m and was based on funds under management rather than market capitalisation.
IVI : Invesco Income Growth fee cut