Next year will bring the realisation that super clean is not so super, predicts Fidelity FundsNetwork.
FundsNetwork head Pat Shea is bullish on the outlook for the wider industry - forecasting a 21% increase in platform assets in 2014 - but suggests the significance of preferential share classes has been initially overstated. He said: "The latter half of 2013 was filled with noise surrounding super clean share classes and we believe that where discounts are available, the fund management industry will initially favour rebates over super clean share classes, but we'll find out soon enough next year as the mist clears." Fidelity Worldwide Investment recently announced it had secured the ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes