Date: 21st January 2019
Author: BETTER FINANCE
Type: In the news
A report, presented by the pan-European financial regulator ESMA, the European Securities and Markets Authority, shows a significant drain on fund performance, due to the high fees charged by investment houses for UCITS (Undertakings for the Collective Investment in Transferable Securities). The data shows that the impact on retail investors is even higher, as they pay twice as much as institutional clients. In addition to that, costs for actively managed equity funds are “significantly higher” than for passively managed funds and exchange-traded funds.
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