For more stories like this, sign up for the PLANADVISERdash daily newsletter.
Products April 19, 2010
Forward Management Introduces Fund Institutional Shares
Forward Management, LLC, announced the launch of new share classes for some of its funds.
Reported by Fred Schneyer
According to the San Francisco-based Forward, the company has launched Class M shares for seven funds, including the Forward Tactical Growth Fund, for use in fee-based adviser platforms and retirement accounts.
Class M shares are available for:
- Forward Tactical Growth Fund (FTGMX)
- Forward Emerging Markets Fund (FEMMX)
- Forward Global Infrastructure Fund (FGIMX)
- Forward Select Income Fund (FSIMX)
- Forward International Small Companies Fund (FNSMX)
- Forward Small Cap Equity Fund (FSCMX)
- Forward Long/Short Credit Analysis Fund (FLSMX).
Class M shares offer institutional pricing with low account minimums. Financial intermediaries and group retirement plans may purchase M shares at net asset value through an omnibus account arrangement without any additional distribution fees.
The M shares were designed for asset allocation, wrap fee and other similar fee-based advisory programs sponsored by financial intermediaries, such as brokerage firms, investment advisers, financial planners, and third-party administrators.