Tax regulation barriers must come down to attract more foreign investors, the head of Denmark’s fund association IFR says.
The community of actively-managed equity funds distributed across European borders last year recorded its highest average total expense ratios since at least 1994, according to Lipper, despite fund buyers supposedly becoming more cost-conscious since the crisis, and despite the proportion of Europe’s equity funds beating their benchmarks in 2011 halving versus the previous year.
The average cost to retail investors of Danish funds in 2011 was 1.03%, according to research into total expense ratios and “ÅOP” published by the Federation of Danish Investment Associations.
Emerging market bond funds are like any other, with top line return figures not always indicating the level of risk taken on by the investor.
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