Investment manager Premium China Funds Management has reduced the management fees on one of its funds as well as removing its performance fee from 1 July.
The management fees applying to its Premium Asia Fund will be shrunk down by 45 basis points, according to a statement.
PCFM executive director and chief investment specialist Jonathan Wu said despite the positives of Asia as an investment destination, most Australian portfolios remained under-exposed.
“We regard our decision to reduce the management fee and remove the performance fee as signalling our commitment,” Mr Wu said.
“The Premium Asia Fund has considerable potential and the capacity to build beyond $1 billion.
“We believe this measure reflects the current reality and will therefore be favourably received by advisers, investors and analysts.”
Value Partners Hong Kong is the investment manager for the fund.
APRA-regulated super funds could create better member outcomes by taking the sam...
Australian high-net-worth investors lost more money than their global counterpar...
The negative impact of COVID-related market volatility on clients’ super inves...