Alphinity Investment Management lowers global equities management fees

by | Apr 11, 2022 | IN THE MEDIA

Leading Australian and global equities fund manager Alphinity Investment Management is lowering the management fees of its two global equity funds from 1.00% to 0.75% (inclusive of GST and net of RITC) from 1 May 2022.

“Both Alphinity and Fidante Partners are focused on ensuring costs to investors remain appropriate and in line with market expectations, and our new management fee structure is a reflection of this,” Alphinity Global Portfolio Manager Jonas Palmqvist said.

The fee reduction follows a review of the funds by Alphinity and Fidante Partners, the responsible entity for both funds. Management fees of both funds have been reduced by a quarter to 0.75% (inclusive of GST and net of RITC). Performance fees for both funds will remain the same.

The Alphinity Global Equity Fund seeks to invest in a concentrated set of quality companies, identified as undervalued and within an earnings upgrade cycle. Since its inception in December 2015 to 28 February 2022, the Alphinity Global Equity Fund has returned 13.3% p.a. net of fees*, ahead of the benchmark MSCI World Net Total Return Index (AUD) return of 11.9% p.a.

The Alphinity Global investment team, which operates under a flat structure of five portfolio managers, also manages the Alphinity Global Sustainable Equity Fund, a strategy that retains the approach of the flagship global fund but also applies rigorous sustainable and ESG methodology to invest in a portfolio of leading global companies that support one or more of the 17 UN Sustainable Development Goals, have strong ESG practices^ and offer attractive prospective returns. The fund has returned 9.6% net of fees* to 28 February 2022 since its inception in June 2021, against the same benchmark’s return of 7.5%.