Research firm Fitz Partners has estimated that 79% of cross-border managers distributing into Europe are subsidising their own funds' operating expenses in efforts to keep client charges down.
The firm's Cross-border fund charges study of managers selling into Europe that use third party service providers also found that 19% of recorded subsidies paid by fund groups exceed management fees paid...
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Breaching SEC rules
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James Bateman, Chief Investment Officer, Multi Asset, Fidelity answers two key questions about the rise of multi asset investing