BlackRock World Mining has announced that, with effect from 1 October 2015, the management fee has been reduced to 0.8% of gross assets. If they invest in another BlackRock fund the underlying fee is rebated to the trust to avoid double charging. This is the second fee cut this year – in July the fee was altered from a flat fee of 130bps to:
- 120bps on the first £500 million of gross assets
- 100bps on the next £500 million
- 85bps on gross assets above £1 billion
BRWM : BlackRock World Mining fee cut