EU regulators are set to conduct a large-scale study into the cost and performance of both active and passive funds, European Securities and Markets Authority (ESMA) chair Steven Maijoor has said.
Maijoor said in a Paris conference speech that ESMA and the European Banking Authority would assess retail products' cost reporting and past performance to "increase investors' awareness of the net return of these products, and the impact of fees and charges". FCA's Bailey: More work to be done on fees He added the regulators would obtain more data to complete their assessment when MiFID II comes into force in January. ESMA and the EBA's plans follow similar investigations from national regulators, such as the UK's Financial Conduct Authority, which this year produced a final repor...
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