Fund buyers have called for more transparency on passive fund costs not contained within the ongoing charges figure (OCF) - even as a price war cuts headline fees to record low levels.
Jupiter's Maarten Slendebroek
ETF provider Invesco PowerShares has appointed Bryon Lake as head of EMEA for the business.
Some of the UK's largest fund houses are shifting focus to concentrate on ongoing charges after Invesco Perpetual became the first group to ditch annual management charges (AMCs) altogether.