From 1 January 2017 there will be changes to the way performance fees are calculated on the Threadneedle UK Extended Alpha Fund and the Threadneedle UK Absolute Alpha Fund.
We are making these changes to improve consistency of performance fee calculation methodology across our fund range and in the case of the Threadneedle UK Absolute Alpha Fund, in recognition of the possibility of negative interest rates in the current low interest rate environment.
We believe that these changes will result in a fairer and more consistent performance fee structure across our fund range and are therefore in the best interest of clients.
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