FundsNetwork: Rebates set to trump super clean share classes

FundsNetwork head Pat Shea is bullish on the outlook for the wider industry - forecasting a 21% increase in platform assets in 2014 - but suggests the significance of preferential share classes has been initially overstated. He said: "The latter half of 2013 was filled with noise surrounding super clean share classes and we believe that where discounts are available, the fund management industry will initially favour rebates over super clean share classes, but we'll find out soon enough next year as the mist clears." Fidelity Worldwide Investment recently announced it had secured the ...