Europe’s markets watchdog is to work with national financial regulators to assess the costs and fees levied by Ucits funds and alternative investment funds, as part of its 2021 work programme. view full article
Esma to analyse fund fees with national regulators – Ignites Europe Read More »
One year ago this month, landmark rules came into force obliging UK asset managers to come clean about the value offered by their products. As the FCA embarks on a probe into the first round of the so-called value assessments, FTfm examines fund managers’ efforts so far. view full article
Have the FCA’s fund reforms changed the industry? – Financial Times Read More »
Europe’s markets watchdog is stepping up its efforts to stop funds charging excessive fees to investors by putting pressure on national regulators to increase their supervision of management companies. The European Securities and Markets Authority yesterday published a report on costs in Ucits and alternative investment funds as part of its push to enforce convergence
Esma ups pressure on regulators to tackle excessive fund fees – Ignites Europe Read More »
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published today a supervisory briefing on the supervision by National Competent Authorities (NCAs) of costs applicable to Undertakings for the Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs). This briefing comes in response to the need to improve convergence across NCAs
ESMA – Supervisory briefing on the supervision of costs in UCITS and AIFs – ESMA Read More »
Performance fee data published by Fitz Partners this month indicates that the average performance fee rate charged by funds in Europe has reached 17 per cent. The firm says that although this represents only a slight increase from the 16 per cent figure in 2018, it is accompanied by significant changes in the way these fees are
European performance fee rate reaches 17% – Ignites Europe Read More »
Schroders says its UK funds must reach at least £1bn (€1.1bn) in assets before the benefits of economies of scale can be passed on to investors – a claim rubbished by experts who say the so-called fee breakpoint could be significantly lower. The UK asset manager’s plans to reduce charges for retail investors on its largest funds
Schroders’ £1bn fund breakpoint ‘way too high’ – Ignites Europe Read More »
Charges for traditional index-tracking funds have steadily decreased over the past four years and are in some cases lower than for ETFs, says a research house. Fitz Partners says that since 2016, equity ETFs have seen a 27% fall in their ongoing charges figures (OCFs), whilst charges applied to ‘clean’ share classes of index-tracking mutual
Index-tracker costs give ETFs a run for their money – Funds Europe Read More »
Invesco has decided to cut fees on a range of UK-domiciled funds, as the firm assesses the value of the products under new rules. Charges at nine Invesco funds, with £4.4bn (€5bn) in combined assets, were reduced by an average of 0.13 per cent this month. view full article
Invesco cuts fees on UK range as board assesses value – Ignites Europe Read More »
Europe’s markets watchdog is pushing ahead with plans to limit the ability of funds with high-watermark performance fee structures to freely reset those fees after a short period of time. The European Securities and Markets Authority published its final guidance on performance fees for Ucits and some retail-focused alternative investment funds on Friday after an
Esma curbs high-watermark performance fees – Ignites Europe 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 »