Skagen has launched RDR-compliant clean share classes in the UK for its Kon-Tiki, Global and Vekst equity funds.
The new B-share classes came into effect on 1 January and are open to investors who subscribe units through distributors in the UK, including existing distribution partners Transact and Raymond James.
The annual management charge has been lowered from 1% to 0.8% on the Global and Vekst funds, and from 2% to 1.5% on the Kon-Tiki fund.
Tim Gordon, client relations, said: "We are delighted to have launched the new clean share classes, which underline Skagen's commitment to the UK market.
"We believe this provides a strong proposition as we look to further develop our UK wholesale presence."
Partner Insight: Dennis Hall, director and CEO of Yellowtail Financial Planning, Julia Dreblow, founder of SRI Financial Services and Frank Potaczek, head of UK proposition at Architas met in London to discuss how they broach the topic of sustainability...
Two-thirds cannot evidence compliance
'Elaborate breach of trust'
'How to buy protection insurance'
As this year has proved