Harbour cuts fund fees
Harbour Asset Management is cutting the fees on four of its funds.
Saturday, June 27th 2020, 2:37PM
The change comes after it cut fees for last year on two other funds; The Advanced Beta and Corporate Bond Funds.
This time around, the Harbour Long Short Fund, Harbour Australasian Equity Focus Fund, T Rowe Price Global Equity Growth Fund, and the Harbour Australasian Equity Fund will all benefit from the fee changes.
"We’ve been working hard to reduce outsourced costs. Also, as FUM grows in our funds, from positive performance and new investors, we are able to spread the fixed costs associated with the funds," the company says.
"We’re delighted to be able to pass on cost savings to our clients, especially in these uncertain times."
* Performance fees may be charged only if a number of specific criteria are met.
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