But costs are creeping up as more existing funds reposition their offering
Falling ETF fees make little difference on the market
Investors have not felt much benefit
Nomura cuts management fees
And sets founders’ fees at 0.10%
Schroders cuts fees and scrutinises multi-manager range
First value assessments triggers fee changes that will save investors £8m
Will the crisis push active managers to innovate fee models?
A paradigm shift to sustainable long-term and performance-based fee structures could lie ahead
Cross-border Ucits funds facing local restrictions
Only 13% of Ucits funds may comply with new fee rules proposed by German regulator, says consultancy
Blackrock undercuts Vanguard with slashed fees
Blackrock has undercut Vanguard by slashing fees on an iShares emerging markets product and matching its rival’s pricing on four European equity funds.
Fidelity steps up passives price war
Fidelity International has stepped up the passives price war with the launch of six low cost Irish-domiciled equity index funds and the reduction of pricing on three existing UK-domiciled index funds.
Performance-linked fees work best for fixed income funds
Fidelity International’s move to change its charging structure to a performance-linked fee has been welcomed but is seen as a risky move which may not be sustainable, according to fund selectors around Europe.
Will performance-based fees work?
Fund selectors applaud the “courageous” step by Fidelity to introduce performance-related management fees across all its funds by next year. But will the move really improve long-term performance after fees, and is the new model sustainable with most active funds failing to beat their benchmark?