The new funds will be available to ATS investors as clean priced share classes a rate of around 75 basis points.
These latest additions bring the total clean share class funds on the ATS platform past 1,700 available to intermediaries and 1,500 available on an execution-only basis, from almost 50 fund managers.
Most of the clean funds have no initial charge.
Sara Wilson, head of platform proposition at Alliance Trust, said: “These new funds from four well-known fund groups, follow closely from the addition of nearly 100 new funds last month and we are in talks with a number of other providers to further expand our investment offering, which also includes investment trusts, [exchange traded funds], [exchange traded commodities] and direct investment in equities.
“We have long championed transparency of charges within the platform industry and believe that offering clean funds, alongside our unique flat fee approach, is the simplest and fairest option for investors.
“Clean funds with no commission are now likely to become even more popular after HMRC’s decision to take income tax on commission rebates from April 6, if only to avoid the hassle of paying the tax. As well as providing access to the widest possible range of clean share funds for investments made post-31 December 2012, we have also committed to move all our pre-RDR rebate-paying investment customers into clean share classes by the end of this year.”
Many other platforms have also come forward supporting clean fee share classes, including Fidelity and Skandia.