ESMA seeks to streamline retail fund performance fees

On the 07.16.19 at 5:54PM


Tuba Raqshan

The European Securities and Markets Authority (ESMA) launched a public consultation on draft guidelines on performance fees under the UCITS Directive. This consultation follows the European authority’s study in January 2019, which highlighted that retail clients are paying twice as much as institutional clients, because of the ongoing performance fees.

The ESMA study pointed out that the costs of UCITS fees on investment products for retail clients in the EU reduces the gross performance by an average of one quarter.

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