Warning new MiFID II fund transaction cost methodology will 'mislead' investors as asset managers come under fire
Concerns over 'damaging' new system

Backlash over MiFID II's fund transaction cost methodology
Concerns have been raised that the "damaging" new methodology used for calculating fund transaction costs under MiFID II, which is already throwing up a number of anomalies including negative figures, could undermine efforts to improve transparency.
MiFID II, which came into force at the start of January, requires investment managers to disclose additional transaction costs that are charged to their funds, on top of the established ongoing charges...
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