SWIP adds RDR share class to Diversified Assets fund

SWIP has joined the growing number of asset managers offering RDR-ready share classes by launching a lower-cost share class for its £38m Diversified Assets fund.

The fresh share class will have an annual management charge (AMC) of 0.5% per annum. The Diversified Assets fund is a multi-asset fettered portfolio, managed by SWIP's head of multi-asset funds Jeff King. The launch of the share class follows the fund's conversion from a unit trust to an OEIC structure on 4 May. The rmove is designed to provide investors with the opportunity to gain exposure to SWIP funds at more competitive rates, said the firm. "We are approaching a new era for the investment industry as the implementation of RDR becomes a reality," said Francis Ghiloni, director...