DWS to open focused fund share class

DWS Investments plans to launch a second share class on its focused fund range, offering investors t...

DWS Investments plans to launch a second share class on its focused fund range, offering investors the choice of a performance fee structure or standard annual management charge. The group could be one of the first to take advantage of proposed FSA changes ' allowing properly-disclosed performance fees on retail portfolios. Currently, authorised open-ended funds cannot calculate fees based on the performance of unit prices. However, several groups have got around this by charging a higher annual management charge and providing a rebate if performance targets are not met. The Gart...