Investors receive 50% discount after legacy share class shift

Assessment of value reports

clock • 2 min read

Investors receive an average 50% discount after they have been moved out of legacy share classes into clean alternatives, according to research.

Following the first round of funds' assessment of value (AoV) reports a number of asset managers moved investors out of their legacy retail share classes. Over last year, Fitz Partners tracked this movement of investors from the legacy retail share classes charging trail commissions into new or existing clean share classes charging lower fees. It then compared the management fees charged before and after the move described in asset managers' AoV statements. Funds 'failing' to meet FCA transparency measures - CFA UK report Fitz Partners found that for retail investors invested in...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

'Fundamental shift': Why transparent investing really matters

'Fundamental shift': Why transparent investing really matters

‘There needs to be a concerted shift towards greater openness’

Simon Camilleri
clock 18 March 2024 • 4 min read
Partner Insight: Passive and active — the case for both

Partner Insight: Passive and active — the case for both

Invesco
clock 18 March 2024 • 4 min read
Future of Investment Festival: Secure your place for June now

Future of Investment Festival: Secure your place for June now

A look at how to take advantage of global megatrends

Professional Adviser
clock 11 March 2024 • 2 min read