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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note