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Martin Currie Global Portfolio Trust PLC - Edinburgh-based investor in sustainable listed growth companies - Amends the investment management fee arrangements with Franklin Templeton Investment Trust Management Ltd. From July 1, the fee will be amended to 0.45% of net asset value per year from 0.5% per year for the first £300 million of the company's NAV and 0.35% for the company's net assets in excess of £300 million. Further, a separate company secretarial fee will no longer be charged.
At the current asset value of £250 million, Martin Currie says this could result in a 14% reduction in annual fees, as well as a simpler cost structure.
Current stock price: 291.00 pence, down 0.3% on Tuesday in London
12-month change: down 29%
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