BlackRock has confirmed that effective 9 Oct 2009, the annual management charge on retail share classes of six funds in their Luxembourg-listed range have been reduced, in each case by 25 basis points. Alongside this, the total expense ratio on 12 of their funds in this range has reduced by 10 basis points or more.
We're delighted to see these reductions as investors will undoubtedly benefit – in five of the six cases, the AMC is now 1.5%, down from 1.75%. On
BGF Emerging Europe, the AMC has dropped from 2% to 1.75%.
div>The six funds in which investors will benefit are BGF Emerging Europe (rated Standard by Morningstar); BGF European Opportunities (rated Standard); BGF Japan Small and MidCap Opportunities; BGF World Financials; BGF World Healthscience (rated Superior) and BGF World Technology.
We would also highlight the reduction of the TER on the Standard-rated BGF China as this has fallen below the 2% level to 1.86%.
While the funds' absolute fees cannot be said to be low, the move is clearly in favour of investors and much to BlackRock's credit.
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