Asset managers test higher charges for top funds

With the implementation of the Retail Distribution Review (RDR) less than three months away, the majority of fund groups have already started unveiling their pricing strategies, with many opting for clean share classes, excluding commission payments or platform fee rebates. Groups are pricing their unbundled share classes with a 0.75% AMC for an equity fund in the main, but some managers have used the introduction of transparent charging to raise AMCs, introducing premium pricing on selected portfolios. In August, Aberdeen Asset Management announced it would price its 32 UK-domiciled ...