HSBC Global Asset Management has launched an RDR-ready share class on its passive fund range.
The new clean-fee share class is available on each fund in the index-tracking range. Annual management charges (AMC) are 0.1% or a total charge by HSBC Global Asset Management of 0.15%, including the registration fee. There is no initial fee. Currently the AMC is 0.25% without initial charge. The estimated total ongoing charges (including the HSBC charges noted above) to investors in the new share class for the passive range will be: Name Current ongoing charges (%) Estimated ongoing charges(%)* HSBC FTSE 100 Index 0.27 0.17 HSBC FTSE 250 Index 0.29 0.19 HSBC FTSE ...
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