7IM cuts charges on ESG fund

7IM has reduced the annual management charges on its Sustainable Balance fund as it seeks to attract more investors to its sustainable offering. The fund house announced it has cut the fee from 1% to 0.75% as it sought to "broaden the appeal of its proposition for investors interested in responsible investments". Launched 13 years ago, the funds have performed well over a three- and five-year period, returning 14.1% and 32.7%, versus a sector average of 6.4% and 28.3%, respectively. ...