Perpetual Income & Growth Investment Trust (PLI) has removed its performance fee and raised its base fee, with the changes taking effect from 1 April.
If Perpetual Income & Growth's ongoing charge falls to 0.72 per cent it will become a cheaper way to access manager Mark Barnett's stockpicking skills than his Invesco Perpetual Income (GB00BJ04HX60) and High Income (GB00BJ04HQ93) funds, which can be bought from investment platforms for ongoing charges of 0.86 per cent and 0.87 per cent, respectively.
But the cheapest way to access Mr Barnett remains Edinburgh Investment Trust (EDIN), which has an ongoing charge of 0.61 per cent.
Registration maybe necessary to access this. (I'm not sure as I have previously registered):
http://www.investorschronicle.co.uk/201 ... ticle.html
I hold none of the above.