The management fee of OP-Euro fund has been temporarily lower since January 2016. The fee reduction is due to low interest rates which have kept the fund’s returns low.
As a result of interest rates, the fund’s returns have started to improve during the spring, and we therefore return the fund’s management fee to normal. Although the reduction ceases to exist, the fund’s expected return will remain positive and pricing extremely competitive.
The management fee of unit classes A and B of OP-Euro fund will be 0.15% and that of unit class AII of OP Euro fund 0.10%. The change will become effective on 1July 2022.