GLG and Aberdeen unveil RDR share classes

GLG has unveiled RDR-ready unbundled share classes across its UK-domiciled range.

Following moves from peers, GLG is rolling out 0.75% share classes - with the trail commission and platform fee stripped out - across 11 of its funds. Most of these chare classes already exist and will be made more widely available to investors, although the group is launching new share classes for its UK-domiciled GLG Balanced Managed and GLG Stockmarket Managed funds. UK retail investors will also have access to GLG and Man Group's institutional share classes for its Irish and Luxembourg domiciled UCITS funds sold in the UK from next year. Richard Phillips (pictured), managing di...