FundsNetwork's decision to list investment trusts later this year stole a march on its rivals. But will others follow suit? Charlotte Richards finds out.
Earlier this year, Fidelity Fundsnetwork became the first of the fund supermarkets to confirm it will list investments trusts ahead of RDR. The announcement, made in March, stated that it would initially only offer the most popular and liquid closed-ended vehicles from November, with a view to expanding the number available at a later date. The decision stole a march on rivals Skandia and Cofunds who, as yet, have not unveiled proposals to list investment companies before RDR. It is understood Skandia is focussing its efforts on ensuring its platform is RDR-ready for open-ended vehicles,...
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