Management Fee Reduction

RNS Number : 9595F

Genesis Emerging Markets Fund Ld

23 May 2017

 

Genesis Emerging Markets Fund Limited ("the Fund")

Management Fee Reduction

The Board of the Fund informs shareholders that, following discussion with Genesis Asset Managers, LLP ("the Manager"), there is to be a reduction in the management fee the Manager is entitled to receive from the Fund.

The new management fee will be 0.95% per annum, which is charged on the Net Asset Value of the Fund. (The current level is 1.25% per annum.)

This change will take effect at the start of the Fund's 2017-18 financial year, on 1^st July 2017.

For further information, please contact:

William Simmonds / Edward Gibson-Watt - 020 7588 2828

JP Morgan Cazenove

Hélène Ploix (Chair) - 020 7201 7200

Genesis Emerging Markets Fund Limited

Jonathan Snow - 020 7201 7200

Genesis Investment Management, LLP

JPM Administration Services (CI) Limited - 01481 758 620

Company Secretary

23^rd May 2017

 

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