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Money market fund fees rise as subsidies decline – Ignites Europe

Average annual ongoing charges of money market Ucits funds rose from 0.1 per cent in 2021 to 0.16 per cent in 2023, according to data in the European Fund and Asset Management Association’s Factbook 2024.

The funds’ charges had previously fallen from 0.17 per cent, the data shows.

Hugues Gillibert, chief executive officer of Fitz Partners, a specialist fee research firm, says: “Money market funds have been subsidised for years in order to reduce the impact of [fees on] very low levels of interest rates globally offered by these funds.”

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