Baillie Gifford's James Budden says the RDR is a levelling tool the investment trust sector should welcome.
Most commentators say the RDR will create a level playing field for investment trusts. This ubiquitous metaphor describes the potential position post RDR when the commission bias that currently exists between open and closed ended funds, is removed. It is a level playing field to be welcomed by the investment trust sector, where investment trusts are finally included on key distribution platforms such as CoFunds, Skandia and Funds Network. However, a stumbling block remains. Platform rebates look likely to be allowed to continue to be paid by management companies, rather than colle...
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