Barclays Global introduces an intermediary share class

Barclays Global Investors has introduced an intermediary share class on its Dublin-domiciled Liquidity Plus cash fund. The Premium share class on the fund gives a flexible commission to distributors on a deal by deal basis, based on the difference between the 22.5 basis points management fee on the intermediary share class and the 15 on the institutional class. BGI has three liquidity fund in its offshore Oeic structure, Liquidity First, Liquidity Plus and Select Cash, and initially introduced the Premium share class on Liquidity First last year. It now has no plans to extend the inte...