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Investors receive 50% discount following move out of legacy retail classes -Investment Week

Fitz Partners found that for retail investors invested in about 600 fund products, 51% of the total number of products with a remaining legacy retail class in place, had been moved to cheaper classes.

The research also revealed that the discounts received by investors after they had been moved ranged from 24% to 67%, with the overall average discount at just under 50% (49.24%).

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