Fees paid by retail investors who invest in funds with ‘clean’ share classes have significantly dropped since 2016, research shows. The ongoing charges figure (OCF) for many cross-border European funds investing in equities has fallen by 7% while assets have climbed 86% over the period, according to research by Fitz Partners. To read the article, […]
Fitz Partners found that for retail investors invested in about 600 fund products, 51% of the total number of products with a remaining legacy retail class in place, had been moved to cheaper classes. The research also revealed that the discounts received by investors after they had been moved ranged from 24% to 67%, with
UK asset managers have cut at least £120m (€139m) in ongoing charges following the introduction of reforms that require firms to assess the value of their funds. New research by Fitz Partners, a specialist fee research firm, shows that investors in 600 funds have recently been moved to lower charging share classes. view full article
UK firms slash £120m in charges following value reforms – Ignites Europe Read More »
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
Fee war escalates across Europe’s fund industry Read More »
The fierce price war among providers of traditional exchange traded funds may be over, with many industry professionals saying that fees for these products cannot fall any further, the Financial Times reports. view full article
Price war for plain vanilla ETFs may be over, professionals say – Ignites Europe Read More »
A review by Fitz Partners, a London-based fund research company specialising in the detailed calculations of fund fees and expenses found that of truly passive products, ETFs are more expensive than index tracking counterparts. view full article
Fee pressure in passive asset management – Fitz Partners Read More »
Policymakers had been considering whether inducements for the provision of retail investment products should be banned across the EU, as they already are in the Netherlands and the UK. However, Esma has concluded that a complete ban on inducements could backfire as the distribution market in many EU member states is dominated by banks. view full article
Esma rejects EU-wide ban on inducements – Ignites Europe Read More »
Fund charges in the UK platform market are coming closer to prices offered to institutional investors, new research shows for the first time. view full article
Fund charges on UK platforms close in on institutional rates – Ignites Europe Read More »