EU watchdog cracks down on undue asset management fees
Share:
LONDON (Reuters) - The European Union's markets watchdog published guidance on Thursday to crack down on undue costs being levied by asset managers on investors in funds.The aim is for a common approach among regulators across the EU on what constitute undue costs and how to prevent them being charged to investors. An example could be excessive trading of stocks in a fund to generate fees. "One of the key factors to mobilising investor participation in capital markets is to ensure that their..