TEMIT Announces Changes in Management Fees with Franklin Templeton

  • Jun 05, 2020 NZST
  • Team Kalkine
TEMIT Announces Changes in Management Fees with Franklin Templeton

The Board of Templeton Emerging Markets Investment Trust Plc (NZX:TEM) has announced that, after a review, the management fee arrangements with Franklin Templeton are expected to change.

The present annual management fee stands at 1% of net assets for up to £1 billion and 0.85% of net assets beyond that level. From 1 July 2020, the fee rate will stay at 1% of net assets up to £1 billion although will be reduced to 0.80% of net assets above that level.

 


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