Fee war escalates across Europe’s fund industry

Cut-throat price competition among tracker fund providers is fuelling the war on fees across Europe’s investment industry with active managers joining their passive counterparts in axing fees to attract new investors and retain existing clients.

Fees for exchange traded funds have fallen by 30 per cent over the past three years while index-tracking mutual fund fees have dropped by about 35 per cent, according to Fitz Partners, a London-based consultancy.

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