Barclays: Raises Charge To 0.7% Of NAV Of Each Fund
August 14 2009 - 11:11AM
Dow Jones News
Barclays PLC (BARC.LN), said Friday Barclays Wealth, its
promoter, is writing to shareholders to inform that, with effect
from September 2, it will charge a fee of up to 0.07% of the net
asset value of each fund of the company to cover the cost of
providing the services. This is an increase from the current fee of
up to 0.03%.
MAIN FACTS:
-The services are a vital component of the efficient running of
the company and it believes that the increase is justified due to
an increase in the cost in providing the services.
-The company does not expect that the increase will have a
material impact on the overall performance of the funds.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com