Scottish Mortgage

Scottish Mortgage Investment Trust reduces fees

The Scottish Mortgage Investment Trust has announced that the management fees paid to Baillie Gifford are to be reduced. They are coming down from  0.32% to 0.30% of net assets per annum. This reduction is surely to be welcomed, and there is no performance fee at this trust. The Chairman of the company, John Scott,  said: "Both the Board and Managers are keenly aware that low charges have a major impact on long term returns especially when compounding is taken into account.  ...