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Schroders To Float Z Share Classes In Nov

Global asset management company Schroders is rolling out several Z share classes across its U.K. fund range in November.

Global asset management company Schroders is rolling out several Z share classes across its U.K. fund range in November, Investment Week reports. Preparing for the impact of the retail distribution review (RDR), the company will be introducing share classes which would be without advisor commissions.

All the UK-domiciled unit trusts of the company will be affected. Consequently, the fund range, which has a normative AMC of 1.5 percent, will now have a share class with 0.75 percent AMC. The new charging arrangement enables the funds to be ready for the RDR in 2013, in consonance with platforms such as Cofunds, which will have an unbundled price structure, adds Citywire.

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