MiFID II disclosure highlights reality of fund charges
Intensifies feeling of 'grubbiness' - the lang cat
Mike Barrett: "This is nothing radical - all fund groups are being asked to do is to tell people what it costs to invest with them."
Investors are paying almost a third (30%) more in transaction costs on average than had previously been disclosed to them, research from the lang cat has found.
On the back of disclosure requirements under the updated Markets in Financial Instruments Directive (MiFID II), the lang cat conducted research into the top-selling 20 funds of 2016. It found investors...
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