Fidelity International is the first major asset manager to make a switch to a “value for money” charging structure. The asset manager will give money back to clients when its funds underperform.
![](https://s34456.pcdn.co/wp-content/uploads/2017/10/SportcompeteSailboatcrew-640x410-640x360.jpg.optimal.jpg)
Fidelity International is the first major asset manager to make a switch to a “value for money” charging structure. The asset manager will give money back to clients when its funds underperform.
Among the proposed rules are a requirement that an asset management firm inject at least RMB 10m ($1.5m) into mutual funds that levy a performance fee.
Part of the Mark Allen Group.