Industry bodies, including the Investment Association, have welcomed the launch of a consultation into cross-border funds announced by the European Commission, which is set to improve the distribution of UCITS funds within the EU.
The consultation, which is open until 2 October, examines the main barriers to cross-border distribution of investment funds, within a market worth over €13trn. The European Commission is seeking feedback...
0.25% charge on £100,000 investment
Sector launched in April this year
Targeting €1trn AUM by end of 2020
Groups firming up plans
Managed by Jeff Kernagis