Rivals under pressure as the asset manager moves to a performance-linked fund charge view full article
Fidelity’s new fee structure tests active industry – Financial Times Read More »
Fund buyers have reacted cautiously to Fidelity International’s decision to introduce performance-related fees as part of a shake-up of its approach to fund charges. Hugues Gillibert, chief executive officer of fund fee specialist Fitz Partners, says the number of funds affected by Fidelity s approach could… view full article
Fidelity fee move met with lukewarm reception – Ignites Europe Read More »
The European fund industry is lowering costs even when imposing performance fees, research has found. London-based fund research company, Fitz Partners, analysed “twin” share classes within the same products. These share classes are identical in every aspect but their levels of management fee and performance fees. view full article
European funds industry fees tumble – Funds Europe Read More »
Janus Henderson Investors has become the latest fund group to backtrack on plans to charge investors for research under Mifid II, while Amundi says it is reviewing its approach. “Hugues Gillibert, CEO of Fitz Partners, says sticking to the increasingly marginal approach of charging investors… view the full article
Mifid II: Janus Henderson U-turns but Carmignac stands firm – Ignites Europe Read More »
Allianz Global Investors has received mixed reactions to its plans to launch low-cost active funds in Europe as investors remain wary of performance fees. The German fund house has launched three new funds in the US that charge virtually no annual management fee if they fail to beat their benchmarks… View full article
Industry divided over Allianz fee structure – Ignites Europe Read More »
Asset management’s complex fees have come under fire for years. Will anything be done to simplify them, and is it a good idea anyway? View full article
FUND FEES: Hacking through the garden Read More »
Allianz Global Investors has joined the list of firms pledging to cover the cost of external investment research under Mifid II, while France’s Carmignac plans to pass the cost on to clients. “Meanwhile Hugues Gillibert, CEO of Fitz Partners, says: “I would not be surprised if other insurance [and]… View full article
AllianzGI to absorb research costs under Mifid II – Ignites Europe Read More »
An increase in investment advisory fees in recent years is putting downward pressure on fund house profit margins, according to new research. The findings come from Fitz Partners’ Investment Advisory Fee Benchmarking Report, which the research firm says “exposes the true cost of investment advisory”, defined in the report as fees paid to entities providing
Advisory fees eat into profit margins: research – Ignites Europe Read More »
Many fund firms are paying higher investment advisory costs at a time when their own gross fees earned from customers are shrinking, according to Fitz Partners… View full article
European firms see “shrinking” revenue from fund management fees – Funds Europe Read More »
Soaring investment advisory fees are eating into asset managers’ margins, according to research by Fitz Partners. The fees paid to firms providing advisory services to a fund, such as asset allocation and stock selection – have increased by 17 per cent from 35 basis points to 41 basis points over the past three years, the
Soaring investment advisory fees hit fund manager margins – Fund Strategy Read More »