Fund managers in the Middle East are increasingly slashing their fees in a move to beef up their asset baskets.
Roberto Demartini, Associate Director of Fund Research at S&P, said: "Managing a fund in the Middle East costs 20 per cent higher compared to the emerging funds managed from Europe. A number of groups here are encouraging investments by charging less.
"Management fees run at around 1.5 to two per cent, entry fees range up to five per cent while performance fees run up to 20 per cent. In comparison, in Europe there is no performance fee.
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