Inquiry to conduct a mapping of active and passive fund management

The Government decided today to extend the scope of the Inquiry appointed to conduct an overview of the regulations governing investment funds. The Inquiry will now also include an analysis and mapping of the information that investors need to understand what active and passive funds are, the various alternatives that are available and the costs and risks associated with them.

“It should be easy for investors to understand what they are investing in. High standards of transparency and accurate information are required to enable investors to make informed decisions,” said Per Bolund, Minister for Financial Markets and Consumer Affairs.

The supplementary terms of reference require the Inquiry to:

  • Map the differences in fees in a selection of comparable actively and passively managed funds available to the public.
  • Analyse how the actively managed funds are marketed to investors, taking into account, where relevant, how the relatively higher fees are justified.
  • Analyse the information investors need to be able to clearly understand the difference between actively and passively managed investment funds.
  • Propose possible improvements to the information provided to investors or other measures to better enable investors to make informed decisions when choosing between actively or passively managed funds.

The Government has also extended the deadline for the Inquiry’s interim report on UCITS V implementation from 30 April to 30 June 2015. The final report is to be submitted by 31 December 2015.

Contact

Anna Söderström
Press Secretary to Minister for Financial Markets and Consumer Affairs Per Bolund
Phone (switchboard) +46 8 405 10 00