Just briefly went through the amendments to the Constitution, and have concerns if someone who has knowledge of this can shed.
Page 15 of 85 - they inserted:
"4.1(aa) - Maximum total fees to be paid to the Trustee and any ASset Manager in respect of any Year, is the amount equal to the sum of:
(1) amount Trustee is required to recover its operating costs and;
(2) 0.8% of the Adjusted Gross Asset Value at the end of the Year, being the maximum amount of fees payable to the Asset Manager."
I am always nervous when additional clauses are put in dealing with fees, especially when they're in addition to what is already there.
Need to re-evaluate further, and possibly this is going to be the driver of the SP in the short term.
Add to My Watchlist
What is My Watchlist?