ESMA warns against flawed product declaration on mutual funds

In a report, the European FSA ESMA warns that funds being sold as active are in reality passive.

BY DORTHE BACH

Actively managed investment funds are usually more expensive than passively managed funds, but now, the European Securities and Markets Authority (ESMA) warns against so-called closet indexing in a working paper, according to Danish business media Finans.

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ESMA warns against flawed product declaration on mutual funds

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Ignore the ‘AI revolution’ at your own peril, global investors warn

New Nordic high yield manager keeps attracting inflows

KLP excludes US construction supplier over Gaza connection

Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

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Invesco seeing increased demand for Fixed income ETFs from Nordic investors

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Storeband increases stake in Danish infrastructure manager to become majority owner

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager