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Amundi switches to fixed admin fees on Luxembourg range – Ignites Europe

Amundi has adopted a fixed administration fee model on range of Luxembourg-based funds, bringing them into line with other products based in the jurisdiction.

The French fund giant switched from a variable to a fixed administration fee model on the Amundi Investment Funds Sicav at the start of this year.

Hugues Gillibert, chief executive of Fitz Partners, a specialist fee research company, said: “It is important to [Amundi] to be consistent across their ranges.

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