Those differences are largely in its treatment by regulatory authorities, although its annual management charge at 0.39 per cent is one basis point lower. 这些差别主要体现在其所享受的监管待遇上,尽管其每年0.39%的管理费用比GBS低了一个基点。
An 80 basis point annual management charge is lower than the industry norm ( or at least than the stated norm, before investors have negotiated it down in private ) and the 10 per cent performance fee is levied only on returns above 10 per cent. 年度管理费(AMC)为80个基点,低于业内通常水平(或者说,至少低于公开的、未经私下协商的标准);仅对10%以上的收益部分收取10%的业绩提成。