On Thursday 20 June, the European Federation of Savers and Users of Financial Services (BETTER FINANCE) presented its latest study on the correlation between cost and performances in EU equity retail funds, according to which "the more you pay [in fees], the less you are likely to get [return]".
In 2017, average fees for the management of retail investment funds were four times higher in the EU than in the United States, partly due to the fragmentation of the European market.
Based on this...