Legg Mason Global Asset Management is set to add clean share classes to its fund range ahead of the retail distribution review.
The ‘X’ share class will be added to all 11 funds in the group’s UK ICVC fund range during October. The new share class will have an annual management charge (AMC) of 0.75% on a typical equity fund. Adam Gent (pictured), head of UK sales at the firm, said: “We have been working hard behind the scenes to ensure that we have an RDR ready solution that is right for our clients. “Following a thorough assessment of the business and significant feedback from clients, we are now in a position to confirm our plans, namely the addition of share class X. We believe we continue to offer a com...
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