The board of the investment trust has made the move in response to the competition from open ended funds following the introduction of RDR. RDR or the
[See the full post at: http://www.whichinvestmenttrust.com/city-of-london-investment-trust-charges/]
City of London Investment Trust forum
That is an incredibly low fee.
It wasn’t so long ago I was looking at ETF’s with fees like this.
It shows you that it can be done on low charges eh!