The founder of a campaign for more transparent fund charges has called Investment Management Association (IMA) figures showing average fees to be about 0.3% as "misleading claptrap".
Advisers and managers have some legislative developments to catch up on following Luxembourg's approval of a draft bill of law which will modify the law on Specialised Investment Funds (SIF), the investment vehicle of choice for non-UCITS in Luxembourg....
Globalisation today means the selection of equities seen as originating in one country may no longer be reflective of where the firm conducts most of its business.