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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
20/02/2020 ESMA34-32-418 AIFMD MoUs signed by the EU authorities , Reference XLSX
50.84 KB
29/01/2020 Overview recruitments Overview recruitments- Updated 28 January 2020 , Reference PDF
203.36 KB
23/12/2019 ESMA50-164-2969 Alternative Investment Funds (AIFs) exposures to commercial real estate- 2018 , Reference PDF
146.79 KB
17/12/2019 ESMA64-80-207 ED decision on the extension of reserve lists ending 31/12/19 Reference PDF
249.67 KB
16/12/2019 C(2013) 8970 final Commission decision on classification in grade and step for TAs Reference PDF
436.57 KB
16/10/2019 ESMA30-201-535 Response form to consultation on amended PRIIPs KID , Reference DOCX
576.23 KB
19/07/2019 ESMA65-8-6480 Money Market Fund Reporting Technical Reporting Instructions Reference ZIP
2.82 MB
16/07/2019 ESMA71-2333-1 Response form for consultation on UCITS performance fee guidelines Reference DOCX
751.38 KB
28/03/2019 rp1 Response form consulation on ELTIF RTS Reference DOCX
769.35 KB
22/03/2019 esma35-36-1590 Presentation on CPs MIFID-UCITS-AIFMD , , Reference PDF
187.17 KB
18/02/2019 ESMA40-134-347 Conflict of interests and ethics policy- ESMA staff , Reference PDF
6.95 MB
15/02/2019 ESMA34-47-218 Call for expression of interest Consultative Working Group of ESMA’s Investment Management Standing Committee Reference PDF
141.57 KB
15/02/2019 ESMA34-47-218 RF Reply form call for IMSC CWG Reference DOCX
34.63 KB
05/02/2019 ESMA50-164-1942 Alternative Investment Funds (AIFs) exposures to commercial real estate- 2017 Reference PDF
326.45 KB
05/02/2019 ESMA34-39-795 Response from to consultation on liquidity stress tests Reference DOCX
773.16 KB
27/11/2018 ESMA64-337-1278 ESMA Candidate Guidelines Reference PDF
1.09 MB
28/09/2018 RPMMF Response form for consultation on MMF stress testing guidelines Reference DOCX
770.87 KB
23/05/2018 ESMA34-47-210 IMSC Terms of Reference Reference PDF
130.07 KB
06/11/2017 ESMA50-165-422 The impact of charges on mutual fund returns- correction , , Reference PDF
590.09 KB

ERRATUM - In the original version of this document published on 19 October 2017 in table V.3 on page 4, the values in the last four rows of column five were accidentally misreported. For this reason, ESMA now provides a corrected version, including the corrected values and a footnote pointing to the initial mistake.

ESMA carried out a first analysis on fund performance measures, developing initial metrics to analyse the impact of ongoing fees, one-off charges and inflation on the returns of mutual funds. Key preliminary results for the EU fund industry show: Substantial reduction in net returns available to investors, especially in the retail sector and weakly cost- or price-sensitive investment decisions by retail investors

On average ongoing fees and one-off charges and inflation-reduced returns available to investors by 29% of gross returns between 2013 and 2015. These reductions apply to all market segments, while varying across jurisdictions, asset classes and client types. Relative return reductions range from 11% for passive equity fund shares to 44% for retail fund shares in bond mutual funds. Relative and absolute return reductions for actively managed and retail fund shares tend to exceed those of passively managed and institutional fund shares. Despite the impact of fees and charges on the net outcome to investors, these do not seem to be reflected in investor choices.

19/10/2017 Ares(2017)5008790 European Commission request to ESAs to issue recurrent reports- CMU action , Reference PDF
294.97 KB