Morningstar: European investors paying record low charges

In its European Fee Study, released 7 December, Morningstar noted that there were several reasons behind the decline - all of which were good news for the end investor. Jose Garcia-Zarate, associate director, manager research, passive strategies at Morningstar, said: "The decline in fees is a big positive for investors because fees compound over time and diminish returns." The research house found the average fee paid by investors was 0.69% in October 2020, a 31% decline from 2013. To calculate this figure, it used the asset-weighted average ongoing charge across all funds for the cat...