The percentage of assets going into clean share classes on the Axa Elevate platform has reached 56%, having more than doubled since the start of the year.
Axa Elevate currently has more than 2,500 clean share classes available, with a clean alternative on offer to advisers for over 90% of funds on the platform.
Axa Elevate managing director David Thompson said this proportion is likely to increase as the majority of adviser firms anticipate placing more than 75% of new assets into clean share classes over the coming 12 months.
He said: "The percentage of assets going in to clean share classes on the Elevate platform has more than doubled since the beginning of the year.
"For the first time we are now seeing over half (56%) of total flows on Elevate into clean share class funds. This is the result of advisers embracing the new transparent charging structure and the speed with which we have made these new share classes available."
The platform most recently added 850 clean share classes in June, when it reported that 40% of flows on the platform divided between new money and switching of existing money, were going into clean share classes.
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