Exclusive data provided to Financial News by Fitz Partners, a firm which specialises in fund fee analysis, show the management fees generated by sustainable vehicles have surged over the past two years, coinciding with increased investor demand for environmental, social and governance products. view full article
ESG boom generates 300% jump in revenues for asset managers – Financial News Read More »
The European Fund and Asset Management Association (EFAMA) has today released its latest Market Insights report, Perspective on the costs of UCITS. The full report breaks down the costs of UCITS, focusing on the fees charged for the different services provided along the investment fund value chain and distinguishing between the product cost for which
The Financial Conduct Authority’s (FCA) recent review of fund managers’ Assessment of Value (AoV) reports makes for “pretty damning” reading and marks a “huge blow” to firms, although the findings are unsurprising to some industry commentators. view full article
FCA value assessment review: An ‘uncomfortable read’ but unsurprising – Investment Week Read More »
A Financial Conduct Authority (FCA) review of fund managers’ Assessment of Value (AoV) reports has revealed widespread failures in the quality and content of the documents, with the regulator warning it will intervene if firms do not improve. In the report published today (6 July), the FCA said it expects “more rigour” from fund managers’
A review of 18 fund managers between July 2020 and May 2021, covering different business models and sizes, found most had not implemented Assessments of Value (AoVs) arrangements that met FCA standards. view full publication
Fund managers falling short on assessing the value of their funds – FCA Read More »
Around 52% of performance fee structures already adhere to ESMA performance fee recommendations, ahead of the restrictions that will come fully into force all over Europe in the coming year. Although all funds are not yet fully compliant with these guidelines, …[Fitz Partners]… research shows that many funds have seen their performance fee structures changed
Performance fee rules across Europe lacking harmony – Investment Week Read More »
Baillie Gifford has published a value assessment report for its Ireland fund range, in a move that could increase pressure on rival firms. The report has been prepared in response to a July 2019 letter from the Irish regulator to fund board chairs “requiring” them to carry out a “regular assessment of fund performance and
Baillie Gifford publishes Irish value report, upping pressure on peers – Ignites Europe Read More »
Columbia Threadneedle has started a review into fund fees with a specific focus on the way economies of scale are passed on to investors, following its second annual value assessment. view full article
Columbia Threadneedle embarks on fee review – Ignites Europe Read More »
“Allianz Global Investors is sticking with its outperformance fee share classes in the UK, despite a lack of assets and rival firms rowing back on plans to offer performance-related fees…. …The outperformance fee model “continues to provide an alternative way for clients to access a selection of [Allianz’s] funds, alongside [a] traditional fixed fee model”,
AllianzGI holds onto performance fees – Ignites Europe Read More »
The UK financial watchdog says some fund boards have misinterpreted its rules for value assessments and are failing to analyse the profitability of their product ranges. Since September 2019 UK authorised fund managers must carry out an assessment of the value their funds are delivering to investors each year, evaluating seven criteria including performance, costs
FCA pushes asset managers to assess profitability – Ignites Europe Read More »