The matter has been “an important however misunderstood problem affecting the sector during the last couple of years”, in accordance with Richard Parfect, portfolio supervisor at Momentum International Funding Administration, and stems from two items of European Union-derived regulation.
Funding trusts are topic to the Packaged Retail and Insurance coverage-based Funding Merchandise (PRIIPs) regulation and the Markets in Monetary Devices Directive (MiFID), each adopted instantly into UK legislation earlier than Brexit and have led to buyers being “misled” in regards to the true value of investing in closed-ended merchandise, ac…
