investment fees

Opinion

Cbus investment fees cut by 18pc

Cbus cut the investment costs on its $31 billion fund from 77 to 63 bps in the past financial year. Scale benefits from renegotiating fee structures, manager consolidations, savings identified through working with new custodian JP Morgan and the diminishing size of a private equity fund of funds portfolio have all led to the cuts. […]
Investment Strategy

Increasing size enables IFM fee cut

Industry Funds Management (IFM), which oversees $34.7 billion in assets, will permanently lower investment fees for all of its products from September. IFM, Australia’s ninth-largest fund manager by assets, will lower the management expense ratios (MERs) that all of its investors pay as increasing funds under management and positive returns buoy profits and help drive […]