Fidelity launches RDR share classes

Fidelity Worldwide Investment is to add unbundled share classes for discretionary advisers to a dozen funds in its range.

The group told Investment Week it will be launching the 0.75% share classes this year, with further launches planned for 2013. The 0.75% AMC share classes will be aimed at discretionary wealth managers who are calling for the group to make certain funds available with the platform fee and commission stripped out. Funds which will offer the 0.75% share class include Michael Clark's Enhanced Income fund. The new share classes will not be aimed at the adviser market, and will come with a £500,000 minimum investment. Ben Waterhouse (pictured), head of UK retail sales at Fidelity, sa...