Fund groups eye 0% share classes as alternative to 'super clean'

The move would pave the way for confidential fee arrangements more commonly seen in the institutional space. Sources close to the situation have told IFAonline's sister title, Investment Week, that asset managers are looking at ways to keep costs under control and avoid the confusion caused by running a series of lower-cost share classes for different platforms. A 0% share class would introduce an institutional-style pricing arrangement across the retail market. Instead of collecting a share of the AMC, fund groups would invoice distributors such as platforms using investment manag...