Asset management boutique Newton, a subsidiary of BNY Mellon, is set to launch fully unbundled Retail Distribution Review (RDR)-ready share classes across its entire fund range in September.
They will be available for advised investments made through third party platforms, such as Fidelity FundsNetwork, Cofunds and Skandia. The annual management charge will be 0.75%, stripping out platform and commission, and will be half the amount charged on the existing bundled equity share classes of 1.5%. Minimum investment will be £1,000. These RDR-ready share classes will be offered on all funds in the UK-domiciled BNY Mellon investment range, including the £684m Newton Asian Income, £2.7bn Newton Global Higher Income, £2.2bn Newton Higher Income, £5.9bn Newton Real Return and £625...
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