HSBC launches RDR share class on passive range

HSBC Global Asset Management has launched an RDR ready share class on its passive fund range.

The new clean-fee share class is available on each fund in the index-tracker range. Annual management charges (AMC) will be 0.1% or a total charge by HSBC Global Asset Management of 0.15%, including the registration fee. There is no initial fee. Currently the AMC is 0.25% without initial charge. The estimated total ongoing charges (including the HSBC charges noted above) to investors in the new share class for the passive range will be:  Name  Current ongoing charges (%)  Estimated ongoing charges(%)  HSBC FTSE 100 Index  0.27  0.17  HSBC FTSE 250 Index  0.29 0.19  HSBC FTS...