Henderson Global Investors is making its institutional share classes available to retail investors, and launching a range of 0.75% share classes, ahead of the RDR deadline at the end of the year.
The group, which boasts a popular fund range including its multi-billion pound bond suite headed by John Pattullo and Jenna Barnard, is opening up its institutional share classes across a number of funds to make them RDR-ready. The institutional share classes already have the platform fee and adviser remuneration stripped out. The group is also launching new 0.75% share classes for 10 of its funds. Henderson said on a typical equity fund the clean share class will have an AMC of 0.75%. The group expects the share classes will become open to investment from IFAs from August onwar...
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