Report reveals true breakdown of European fund charges

The report, commissioned by the European Fund and Asset Management Association (EFAMA), also reveals that investment management fees in Europe are on average only about 3 basis points greater than management fees in the US across all asset classes, if you exclude the top three mega managers.  This is despite  economies of scale enjoyed by US funds. However, unlike the US, European players operate against a backdrop of 27 languages and varying local regulatory and tax regimes, further increasing their costs. The report points out that as the European fund industry expands and matures, ope...