Creating a level playing field

Baillie Gifford's James Budden says the RDR is a levelling tool the investment trust sector should welcome.

Most commentators say the RDR will create a level playing field for investment trusts. This ubiquitous metaphor describes the potential position post RDR when the commission bias that currently exists between open and closed ended funds, is removed. It is a level playing field to be welcomed by the investment trust sector, where investment trusts are finally included on key distribution platforms such as CoFunds, Skandia and Funds Network. However, a stumbling block remains. Platform rebates look likely to be allowed to continue to be paid by management companies, rather than colle...