The Warsaw Voice » Business » News - August 30, 2018
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Asset managers to suffer
Polish asset managers could be forced into ever tighter consolidation if the government proceeds with plans to reduce management fees to a cap at 2% of NAV, industry officials told the daily Puls Biznesu.
Asset managers not tied to banks but requiring deals with distributors could suffer notably.
Funds charging below the industry average performed better over the past 3 to 5 years, a study by the industry researcher Analizy Online showed, echoing conclusions globally asserted by Morningstar.
Managers may compensate with other fee forms.