Fees charged for Ucits fund products are reducing investors' gross returns by 25% on average, new research from the European Securities Markets Authority suggest. Esma's first Annual Statistical Report on the cost and performance of retail investment products across Europe is the latest regulatory intervention signalling greater pressure on asset managers to provide value for money for investors. The regulator said costs represent "a significant drain on fund performance", which impacts retail investors "to a much higher extent" than their institutional counterparts, which on average ...
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