Industry researcher praises Fidelity fee overhaul

"(...) A leading global financial services industry researcher endorsed the new fee model launched by Fidelity International, saying it was an effective response to excessive focus on simply r ...

Cited As:

Alex Burke

Journalist

Noël Amenc

CEO - ERI Scientific Beta

"(...) A leading global financial services industry researcher endorsed the new fee model launched by Fidelity International, saying it was an effective response to excessive focus on simply reducing headline fees. (...) EDHEC's ERI Scientific Beta chief executive Noel Amenc, though, argued that Fidelity could have taken the variable fee model even further. He said that ERI Scientific Beta will soon update its variable fee scheme such that if one of its multi-factor multi-strategy index doesn't outperform its reference index over the year, fees will be reduced to zero. "We think that in all logic Fidelity should also reduce their fees to zero if they underperform the benchmark, which is not the case in their fulcrum fees proposal," Amenc said. (...)"

Type: Press article
Date: le 06/10/2017
Research Cluster : Finance
Source : Financial Standard

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