HSBC Global Asset Management has launched new clean fee share classes for its index tracking funds.
These share classes carry an annual management charge of 0.1% or a total charge of 0.15% including registration fee; they have been launched as a result of the regulatory changes arising from the Financial Service Authority’s Retail Distribution Review in Britain.
The clean fee share classes on the index tracking funds are available to institutions, discretionary managers and to independent financial advisers through the majority of platforms operating an unbundled charging structure.
Share classes on other HSBC fund ranges – including the Luxembourg-domiciled Global Investment Funds Sicav and for certain funds within the remainder of the UK fund range – are scheduled for launch later this year.
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