Kepler Trust Intelligence surveyed 311 retail investors to gauge their investment plans in light of new cost disclosure rules, with 25% responding that they planned to up their allocation to trusts on the back of these changes.
In September, the Treasury and the Financial Conduct Authority moved to temporarily make investment trusts exempt from complying with cost disclosure requirements under two EU directives: PRIIPS and MiFID II, with the aim of bringing in wider reforms next year.
The conflict arose because the new regulations targeted non-UCITS vehicles, requiring them to be more…
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