News

Fund managers seek clarity on FMA’s expectations on fees and commissions

Tuesday 24th of May 2022

Scathing in tone, the report takes aim at what the FMA calls the non-transparent bundling of trail commissions into the management fees and is highly critical of fund managers’ use of “inappropriate” market indices as performance measures.

The report also says that for investors, the value of fund managers’ competence is undermined by “the drag of fees&rdqu...

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