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EU Regulator Trains Sights On Fund Performance Fees

Law360, London (November 16, 2017, 1:13 PM GMT) -- Europe’s securities watchdog said Thursday it will probe the performance fees charged by asset managers amid growing concerns that some practices are too secretive, leading to excessively high costs for investors.

Funds that closet-index are likely to be charging unnecessarily high fees and failing to deliver the service they committed to, says ESMA chairman Steven Maijoor. (AP) The European Securities and Markets Authority will start investigating next year. Its probe follows a Financial Conduct Authority inquiry in the same sector after Britain’s regulator said earlier this...
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