The Global Investment Funds (GIF) range, including flagship funds such as HSBC GIF Indian Equity and HSBC GIF Global Emerging Markets Local Debt, will see AMCs represented as half their current total as the share classes are unbundled.
The group has introduced the clean fee share classes in response to RDR and they will be available to institutions, discretionary managers and IFAs via platforms.
Andy Clark, CEO at HSBC GAM (UK), said: “The arrival of the RDR should bring with it a new era of transparency for investors and it is very welcoming to see the asset management industry moving towards clearer pricing.”
The new charging structure was also introduced across the company’s range of trackers in September.
Below is a table of the adjusted charges in the Sicav range.
|
Fund |
Current Annual Management Charge |
Current Total Expense Ratio* |
New Annual Management Charge |
New Total Expense Ratio* |
|
HSBC GIF Indian Equity |
1.50% |
1.90% |
0.75% |
1.15% |
|
HSBC GIF Russia Equity |
1.75% |
2.15% |
0.875% |
1.275% |
|
HSBC GIF Latin American Equity |
1.50% |
1.90% |
0.75% |
1.15% |
|
HSBC GIF GEM Debt Total Return |
1.00% |
1.35% |
0.50% |
0.85% |
|
HSBC GIF Global Emerging Markets Local Debt |
1.25% |
1.60% |
0.625% |
0.975% |
