Henderson Global Investors is making its institutional share classes available to retail investors, and launching a range of 0.75% share classes, ahead of the Retail Distribution Review (RDR) deadline.
The group, which boasts a popular fund range including its multi-billion pound bond suite headed by John Pattullo and Jenna Barnard, is opening up its institutional share classes across a number of funds to make them RDR-ready.
The institutional share classes already have the platform fee and adviser remuneration stripped out.
The group is also launching new 0.75% share classes for ten of its funds.
Henderson said on a typical equity fund the clean share class will have an AMC of 0.75%.
The group expects the share classes will become open to investment from IFAs from August, as individual platforms make them available as part of their RDR compliant offerings.
The 0.75% share class will only be accessible to individual retail investors via platforms.
In total, Henderson will be opening access to existing institutional share (I-share) classes in 25 funds while ten funds will have new clean share classes launched.
Stewart Cazier, commercial director of global distribution, said: "We feel that opening up our I-share classes, rather than setting up completely new ones, offers clients a simple solution to access quality fund managers in a post-RDR world."
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