No-nonsense words for fund managers

No-nonsense words for fund managers
Under the FMA plan, all licensed investment managers will have to formally justify their fees at least yearly. (Image: Getty)
David Chaplin
Feedback is valuable.The Financial Markets Authority (FMA) certainly puts great store in dialogue, sprinkling kudos on the local funds' management industry for its whole-hearted engagement in a recent pilot ‘value-for-money’ experiment.In the test flight launched earlier this year, a group of 14 licensed managed investment schemes (MIS) and a small contingent of supervisors – there are only three that matter – trialled practical applications of the new FMA fund value-for-money guidelines first published in 2021.Under...

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