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Morningstar to publish past performance alongside new share classes

Fund data provider Morningstar is to publish the past performance of funds alongside new share classes launched for the RDR.

The data provider says new fund share classes will be appended with the track records of funds with higher charges.

Morningstar’s director of data and research strategy for global funds Andy Pettit says: “An industry-wide consensus is urgently needed on the handling of performance history for investors to fully benefit from forthcoming regulatory changes.

“With both pre-RDR and post-RDR share classes now existing, it is no simple matter to determine a way to present historical fund performance that is both systematic and consistent across the fund universe going forward.”

New share classes have been launched ahead of the RDR to facilitate different adviser charging structures. However, new share classes will not have the same past performance history as original share classes.


IFA benchmarking: How does your firm compare?

A survey of IFA firms’ readiness for the RDR shows that confidence has risen since May, but firms are being over-optimistic about exactly what is needed.

Email to take part in the current survey and receive a free benchmarking report on your business.


Standard Life cuts 139 jobs

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Three catalysts for European equities

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