At a joint meeting, regulators focused on harmonizing total cost reporting for mutual funds and seg funds
The fund will now use a proprietary factor model to minimize volatility
The company also announced fee reductions for three other funds
ESMA will focus on fund costs in the year ahead
Changes to benchmark indexes, subadvisors and investment objectives will take effect in April
AIMA predicts more fund transparency in the years ahead
Two emerging market funds will be affected
Salt Financial LLC will effectively pay investors five basis points to hold its Low truBeta U.S. Market ETF
Fees fell by 6% from 2017 to 2018
Research suggests innovation and negotiation will play a larger role in lowering costs for clients