Has the performance trail gone cold?

While nothing compared to the pain advisers have had to go through, 2012 was also a mad scramble for fund managers to ensure ‘RDR-ready' share classes were in place by the end of December. How all of these new charging structures will affect the fund performance numbers is a hot topic. Advisers choosing funds based at least partly on performance may now have a bit of a problem as the numbers could mislead. By way of background, the RDR meant fund management groups needed to provide share classes where adviser commissions were stripped out of the charges. These ‘clean' share classes ty...