23 May 2017 10:14
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 1st 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
23rd May 2017