First State Investments has lowered the annual management charge (AMC) across five of its funds.
The asset manager has reduced the AMC from 0.85 per cent to 0.75 per cent on the clean retail shares for its equity alternatives range following a review of its pricing.
The funds with a lower AMC include the £861.1m First State Global Listed Infrastructure fund, managed by Peter Meany and Andrew Greenup, and the £198m First State Global Property Securities and £10m First State Asian Property Securities funds, both run by Stephen Hayes.
The other two funds are Joanne Warner’s £478.1m First State Global Resources fund and the £26.9m First State Global Agribusiness fund, run by Renzo Casarotto and Skye Macpherson.
However, the charges on the popular First State Stewart range of Asian and emerging market funds remain unchanged.
Of the three onshore First State Stewart funds currently available for investment without punitive initial charges, the First State Asia Pacific Leaders fund has an AMC of 0.85 per cent, while the Worldwide Equity and Worldwide Sustainability funds have an AMC of 1 per cent.
