Baring Emerging Europe scraps the performance fee


Originally published at:
The trust the latest in a long line of trusts that have scrapped performance fees and slashed fees since the banning of commission put trusts on more of a level playing field with open-ended funds. Baring Emerging Europe (LON:BEE), had been entitled to a performance fee of 10% of the return in excess of its…


Ouch, now here’s an investment I’m glad I’ve avoided for the past decade. I can’t see a reason for buying it now either; would anyone in their right mind want to own a piece of lawless Russia or Turkey with the mad emperor Erdogan!

It’s mostly a Russia and Turkey fund as far as I can see, not somewhere I’d want to invest.