Overview
Henderson Far East Income amends fees – Following a formal review of the management fee arrangements, Henderson Far East Income is pleased to report that with effect from 1 September 2017, the Board has agreed a tiering basis to the management fee arrangements so that the existing management fee of 0.9% per annum (calculated as 0.225% per quarter) will only apply to the first GBP400m of net assets with the balance above that charged at a reduced rate of 0.75% per annum (0.1875% per quarter).
At the end of September 2017, the fund had net assets of £450m so, if the assets remained the same, the fund would save £75,000 a year. Of course, the board and manager are hoping that the fund grows from here and the saving becomes more significant in time.
HFEL : Henderson Far East Income amends fees