Investec Asset Management launches RDR compliant share classes

Investec Asset Management has announced the launch of ‘super-clean’ share classes across its UK-domiciled OEIC fund range to deliver greater transparency for investors in line with the Retail Distribution Review.

Investec Asset Management will now offer a share class with a 0.65% AMC, which will be available to selected strategic distribution partners. These ‘super-clean’ share classes will be available for a number of Investec’s best known funds across its Managed Solutions and Specialist fund ranges.

The new share classes are available for three funds within its Managed Solutions Range, which brings together a range of risk-profiled investment solutions, each aiming to deliver specific investment outcomes. They are the multi-award-winning Investec Cautious Managed Fund, the Investec Diversified Growth Fund, and the Investec Diversified Income Fund.

In addition, super clean share classes will be launched in its Specialist fund range and will include the Investec UK Special Situations Fund, the Investec Enhanced Natural Resources Fund and the Investec Emerging Markets Blended Debt Fund.

David Aird, managing director, UK Client Group, commented: “As a committed active investment manager we wholeheartedly embrace a move to greater transparency and simplicity for the end investor. In an unbundled world investors and their advisers will be able to make a fully informed decision, armed with total clarity on the cost of administration, advice and investment management.

“Our industry must play a central role in rebuilding investor trust and confidence; this journey starts with the introduction of greater transparency, simplification of charging structures and a primary focus on investor outcomes and value for money.”

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