Franklin Templeton adapts Luxembourg range for RDR

The new RDR share classes are inclusive of an expanded range of Class Z Shares, with a lower initial investment, and a completely new W share class on all OEICs and selected SICAVs. The new share classes are ‘unbundled’ which means they do not carry any embedded platform or payments (trail commission) to intermediaries. There will be no initial commission on either share class. ·      Additional Z share classes on both the OEIC range, and SICAV selected funds are to meet the needs of direct investors and advisers who do not use a platform. For example, an OEIC fund which typically has an...