FundsNetwork has accelerated its take on of clean share classes to achieve its target of having 95% of current platform assets covered by clean share classes by the end of June.
Over recent months, FundsNetwork has been adding between 100 to 200 clean share classes per month. Responding to the recent platform paper and demand from advisers, additional resources have been put into increasing this to about 400 per month in May and June. This means advisers will have access to clean share classes on 95% of the platform's existing funds, well ahead of the April 2014 deadline. Clean share classes will be available from the majority of providers. Recent additions include funds from BlackRock, Invesco Perpetual, Royal London and Legal and General. FundsNetwork...
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