Prudential launches clean share classes for multi-asset funds

The clean share classes are available for Prudential's suite of multi-asset funds, including Managed Defensive, Cautious Managed Growth, and the five Dynamic Portfolios funds. The annual management charge (AMC) for the clean share classes on the Managed Defensive and Cautious Managed Growth funds is 0.60%, and 0.65% on the Dynamic Portfolio funds. Prudential head of business development for investments Paul Fidell said: "The introduction of clean share classes is a welcome move for investors as it will ultimately make fund charges more transparent, while also signalling a fundamental ...