Barclays has launched Retail Distribution Review (RDR)-ready share classes on its active and passive funds and discretionary offerings.
GlobalAccess, its range of single-assets funds, will carry annual management charges (AMC) of 60 and 90bps. The funds are currently available on Axa Elevate and Ascentric. Barclays's five risk-rated GlobalMarkets funds, including a mix of ETFs and trackers, will carry an AMC of 50bps. Investment management Director Oliver Gregson said: "As the financial landscape continues to evolve, our multi-dimensional proposition and RDR share classes have been tailored to ensure it encompasses a wide variety of investor needs. Bryan Parkinson, director of intermediary sales said: "We believ...
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