Templeton Emerging Markets reduces management fee – Templeton Emerging Markets (TEM) has confirmed that its management fee arrangements with Franklin Templeton Investment Trust Management Limited will change.
The current annual management fee is 1% of net assets up to £1bn and 0.80% of net assets above that level. With effect from 1 July 2022, the fee rate will remain at 1% of net assets up to £1bn but will be reduced to 0.75% of net assets above £1bn and up to £2bn and 0.5% above £2bn.
Chair, Paul Manduca, said: “This reduction in management fee ensures that the fee arrangements remain competitive, provides a saving for our existing shareholders and should make TEMIT more attractive for investors”.
TEM : Templeton Emerging Markets reduces management fee