Schroders Plans Clean-Fee Structure For UK Funds

Oct 24 2011 | 10:29am ET

Schroders will launch a Z share class for its UK-domiciled funds, which will carry a management charge but no fees for platforms or adviser rebates

James Rainbow, head of UK marketing at Schroders, told Citywire the firm is “responding to demand with a clean-fee class.” The new policy will apply to all UK-domiciled funds with the exception of a few, mostly those that have been soft closed like the Schroder US Mid Cap fund run by Jenny Jones.

Z share charges will be roughly half those of existing share classes. The share class has been implemented for some funds already, and the firm expects to cover the entire UK range by November 8.

Rainbow told Citywire the new fee structure allows the funds to comply with certain platforms, such as Cofunds, which will have an unbundled price structure, while other platforms—like Skandia and Fidelity—can continue to use existing share classes.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note