EU funds could face new provisions designed to ensure they are delivering value for money for investors as Brussels prepares to bring forth a new plan to boost retail investment in the EU. The retail investment strategy, which is due to be published next month, is expected to bring forward a number of proposals that […]
EU retail strategy to force funds to deliver value – Ignites Europe Read More »
Asset managers including M&G and Columbia Threadneedle moved more than €50bn in fund assets from the UK to Luxembourg to protect their clients’ interests in the wake of the UK’s vote to leave the EU. Luxembourg levies a subscription tax – taxe d’abonnement – of 5 basis points on retail funds and 1bp for institutional shares classes,
Brexit gives Luxembourg €50m tax boost -Ignites Europe Read More »
…Esma’s approach is likely to mean that different rules will apply to Ucits funds with performance fees being sold into different European markets, experts say. Hugues Gillibert, chief executive officer of Fitz Partners, a specialist fee research firm, says: “The main issue is the creation of a regional or national hurdle to the free distribution
Ban on fund charge caps ruled out by Esma – Ignites Europe Read More »
It should not be possible to block Luxembourg-domiciled funds from distribution in Germany when changes to regulation take effect in December despite a recent report stating the opposite, according to the Grand Duchy’s trade body for the assets industry. view full article
Alfi: Blocking Luxembourg funds in Germany “not possible” by law – Funds Europe Read More »