05/04/2022 (Agence Europe) – On Tuesday 5 April, the European Securities and Markets Authority (ESMA) published its fourth annual statistical report on the cost and performance of retail investment products in the European Union. According to the report, undertakings for collective investment in transferable securities (UCITS) with an environmental, social and governance (ESG) strategy outperformed UCITS funds without such a strategy and were also cheaper overall. ESMA also found that the gross performance in 2020 of the analysed products was low or negative and highly volatile due to the Covid-19 pandemic. Finally, it noted that heterogeneity between Member States persists, as cross-border funds were, on average, larger than funds sold only on their home market. To read the report: https://aeur.eu/f/145 (AD)