07/01/2009Carmignac Court Terme: reduction of management fees
From 1 July, the effective rate of fixed costs deducted from its money market fund Carmignac Court Terme will be reduced from 0.50% per annum to 0.35% per annum.
The financial crisis have led to monetary measures being taken on an extraordinary scale by all central banks. In less than a year, the ECB has lowered its key interest rate from 4.25% to 1%.
Therefore, in a constant bid to preserve its clients' assets, Carmignac Gestion demonstrates its flexibility and its adaptability to changing economic and market conditions, by adjusting the effective rate of fixed costs deducted from its money market fund Carmignac Court Terme. From 1 July, management fees will be reduced from 0.50% per annum to 0.35% per annum.