Fund managers retain only 41 percent of the total cost paid by retail investors, according the findings from EFAMA’s Market Insights.
The report, Perspective on the costs of UCITS, focuses on the fees charged for various services along the investment fund value chain. It distinguishes between the product cost for which fund managers are directly responsible, and the total cost of ownership borne by consumers. It also factors in distribution and advice.
It revealed that, on average, 41 percent of the fee charged by UCITS goes to fund management companies.
A slightly lower proportion of a given fee (3...