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Money Managers’ Record-Low Fees Are About to Sink Even Lower

  • More than 50% of managers plan to reduce fees, survey shows
  • Average charges in Europe already at a record low: Morningstar

The pressure on money managers is ramping up as the industry’s record-low fees are set to be squeezed even further in 2021.

More than half of asset managers plan to reduce charges next year, according to a survey from Brown Brothers Harriman out Tuesday. Average fees in Europe have already hit a record low, as the rising popularity of cheap passive products increases competition, Morningstar Inc. said in a separate report.