AllianzGI to introduce 'outperformance' fee model to UK retail investors

The group has proposed introducing a lower fixed basis fee of 20bps across a number of its UK retail funds alongside, provided the fund beats its benchmark, an additional outperformance fee of 20%. It will initially be implemented through a new 'outperformance' share class on five of its equity funds including the Allianz Best Styles Global Equity, Emerging Market Equity, Global Equity Insights, UK Mid Cap and UK Opportunities funds. This will take place next month and depending on industry response, could be introduced for other vehicles.  The launch of this share class represents...