Down slightly
22 August 2004 | Retirement | Savings & Investments | Angelo Coppola
Allan Gray Unit Trust Management has announced that it has reduced the management fee of the their Money Market Fund from the standard 0.5% per annum charge to one of 0.25% per annum.
(22.8.04) Their Money Market Fund has always been seen as a 'parking place' for investors' capital as opposed to a 'wealth creating' entity.
The fee change has been made in order to assist investors and is in line with the wholesale nature of money market investments.
