Invesco Perpetual Select Trust plc has announced that the Directors have agreed with the company’s Manager, Invesco Fund Managers Limited, an amendment to the fees payable under the Investment Management Agreement.
The amendment is to the fee payable on the Managed Liquidity portfolio, which will reduce from an annual rate of 0.25% to 0.12% of net assets.
The change will take effect from 1 June 2016. No changes are being made to the fees payable in respect of the Company’s other portfolios.
IVPM : Invesco Perpetual Select cuts fees on cash pool