Morningstar: Billions in assets now re-homed in commission-free funds
Morningstar has pored over the figures for Danish mutual funds in the wake of the ban on commission payments between mutual funds and banks, which took effect on July 1 in Denmark. Som EUR 48 billion in assets have shifted to commission-free funds, the firm reveals.
In the past, all investment funds paid commission to banks that sold mutual funds to their customers. That practice was brought to an end by MiFID-2 – or at least it became easier for the end customer to tell who was being paid, and for what.
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