31/05/2022 (Agence Europe) – The European Securities and Markets Authority (ESMA) has stressed the importance of supervision to ensure that investors are not charged undue costs, in its joint report on supervision of costs and fees in investment funds, published on Wednesday 31 May. The study, conducted with national competent authorities over the course of 2021, found that “costs remain a critical component when evaluating the ultimate benefits of an investment and [...] they remain higher for retail investors than for institutional investors”, the ESMA Chair, Verena Ross, explained in a statement. In some cases, ESMA also noted a lack of policies and procedures on effective portfolio management and a lack of clear information. To read the report: https://aeur.eu/f/1vg (AD)