Investec Asset Management's plans to launch preferentially priced share classes for key distributors have been thrown into doubt after the country's largest D2C platforms revealed no evidence of such deals.
Investec said last September it would launch super clean share classes across a number of its OEIC funds, becoming the first UK asset manager to publicly announce its intentions on preferential pricing. The group said it would launch a 0.65% share class for six of its best-selling funds – Alastair Mundy’s Cautious Managed and UK Special Situations funds, as well as Investec Diversified Growth, Diversified Income, Emerging Markets Blended Debt, and Enhanced Natural Resources. The lower-priced deals were to be made available to “selected strategic distribution partners”, Investec said, ...
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