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...
£1bn business since inception
Considered doing so in 2015
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