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 […]
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 »
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 »
Amundi is leading a group of European asset managers that are increasingly using share classes with performance fees in response to demand among wholesale clients for fairer pricing. This comes as chief executive officers at Aviva Investors and Allianz Global Investors have said more active managers should be charging for alpha and not beta. The
Amundi leads industry push for performance fee share classes – Ignites Europe Read More »
In its latest research, Fitz Partners has identified 22 promoters offering 167 sets of ‘Twin’ share classes domiciled either in Luxembourg, Ireland or the UK. In comparable research from September 2017, only 43 sets of “Twin” share classes were in existence. […] Overall, when comparing all the “Twin” share classes, Fitz Partners found that their
Portfolio management firms working for investment funds have dropped their investment advisory fees for the second year running. Average investment advisory fees have dropped by 13% over the past two years, according to analysis of “confidential” fee schedules by Fitz Partners. view full article
Funds’ investment managers continue to lower fees – Funds Europe Read More »
… “According to analysis by Fitz Partners, the fund research company, investment companies have reduced their headline management fees by 19.4 per cent since 2015. By contrast average investment advisory fees increased, before starting to decline last year.” view full article
Fund companies cut costs to protect shrinking profits – Financial Times Read More »
Asset managers are being forced to trim costs in the front office as pricing pressure continues to erode their margins. So-called investment advisory fees have fallen 9 per cent over the past 12 months, according to a new report by Fitz Partners, a specialist fee research firm… view full article
Front-office fees fall amid cost tightening – Ignites Europe Read More »
Baillie Gifford has no plans to adopt performance-related fees for its funds, despite a senior executive at the firm recently advocating that asset managers should use the charging model to be fairer to investors. The decision comes as more firms grapple with the competing challenges of demonstrating value for money at the same time as
Baillie Gifford rejects using performance fees – Ignites Europe Read More »