Finanza: Fondi comuni di investimento
| English |
| annual management charge |
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| Attestation |
3
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| Part of speech |
Noun phrase
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| Definition |
the regular charge permitted to be deducted from the income accruing to the holders of units to remunerate the management company for managing a unit portfolio. The charge usually covers the costs of managing an investment fund, i.e. rent, office overheads, wages and salaries of employees, directors’ fees, fees for registration of investments, and audit fees.
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| Definition source |
LDBE
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| Context |
[...] Charges payable to the ACD - In payment for carrying out its duties and responsibilities the ACD is entitled to take an annual fee out of each Fund, not exceeding a charge of 2% per annum of the Net Asset Value of the Fund, calculated on a mid-market basis.
The annual management charge accrues daily and is payable monthly. The current management charges for the Funds are: [...]
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| Context source |
P-Thread
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| Synonym |
annual charge, management charge, management expenses, management fee
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| de |
Verwaltungsgebühr
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| it |
commissioni di gestione
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