The resource you're requesting could not be located (404).

Note: As of early january 2019, BETTERFINANCE has a new website, and it seems the content you are trying to access has been moved or its address has been updated.
Here below is a list of what we think might be related to the content you're interested in.
29 search results

Brussels, 11 September 2020 – On 10 October 2014, BETTER FINANCE wrote to ESMA[1] to ask for an investigation into the issue of falsely “active” funds, a practice also known as “closet indexing”. Today, it praises ESMA for its considerable efforts towards addressing the issue. Indeed, on 9 September, ESMA published a Working Paper on

Norway*s High Court has ruled against banking group DNB ASA  in what represents a landmark in “closet indexing” cases. […] Norway’s largest financial services group DNB ASA is to pay back the equivalent of millions of euros to investors after the Supreme Court of Norway found for 180,000 individual investors in a class action brought by

Already back in 2014 BETTER FINANCE denounced the practice of closet indexing. It launched a campaign against those funds that claim to be “actively” managed but that are in fact merely following market indices, although they charge much higher fees than low cost index-tracking funds such as ETFs. The distribution of such funds as “active”

The Central Bank of Ireland is investigating almost 200 investment funds for possible mis-selling after the financial regulator launched a probe into the practice of asset management companies hawking expensive, supposedly market-beating funds that only track the index. While the Irish regulator said it had carried out a “detailed inspection” of 2,550 funds, there is

Fresh guidance from Europe’s markets watchdog has been hailed by BETTER FINANCE as a first step towards rooting out the practice of closet-indexing, also referred to as falsely active funds. Recently ESMA published an update to its question and answers document on the UCITS directive, aimed at fostering supervisory convergence among national regulators on the

Good news at last for some investors caught in “closet index” funds: fund managers will indemnify investors from 64 UK domiciled funds for £ 32 million following the UK financial supervisor’s investigation. Closet index funds are funds that claim to be actively managed, and charge “active” management fees, but closely track the market indices (before

A year and a half after ESMA asked CSSF (the Luxembourg supervisor) to investigate the potential cases of closet indexing (falsely active funds) it identified in Luxembourg. Many months after its colleagues from other important fund domiciles such as the UK, France and Germany had completed – and reported – on their own investigations, CSSF

A PRIIPs Regulation that contradicts or fails to take into account disclosure requirements in other Directives and Regulations will simply add confusion for all stakeholders involved and significantly undermines investor protection. To bring these important issues to the attention the authorities, BETTER FINANCE wrote a letter to the European Commission’s Directorate General for financial stability,

Last year, BaFin identified transparency deficits in its investigation of closet indexers. It has now published a decision stating which information must be contained on the investment prospectuses of investment funds. Capital management companies have to explicitly state whether they are actively managed or only replicate an index. If the fund uses a reference value

A little more than a week ago, BETTER FINANCE announced the results of its replication of the ESMA investigation into Closet Indexing. Following up on this announcement, today BETTER FINANCE launches www.checkyourfund.eu, allowing stakeholders and individual investors to go through the results of the research and, in some cases, find out whether their investments are

Dans le cadre du partenariat avec la F2iC, OPCVM360 met à votre disposition son service de recherche d’information sur les fonds et les ETF (trackers) disponibles en Europe.

Following the Covid-19 outbreak and its effect on financial markets, BETTER FINANCE was quoted in different European press outlets on the need to keep markets open and the difficulties facing index funds in these difficult times.” So, what kind of resilience can we expect from “trackers” in a market that’s in freefall, down by 40% in

WordPress › Error

There has been a critical error on this website.

Learn more about troubleshooting WordPress.