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Fees charged by Funds

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Funds are a popular form of investment for retail investors. In the case of funds, the investment risk is scattered as a result of investment in several asset items. At the same time they offer opportunities for performance, which as a rule are higher than for other safe forms of financial investments (e.g. savings books).

In addition to the performance and risks associated with their funds, the fees charged are also relevant for investors. The fees charged for a fund are broken down into one-off entry charges at the time of purchasing units, ongoing charges for asset management during the course of a year as well as additional miscellaneous performance-dependent fees. They are calculated as a percentage of the fund volume and reduce the performance of the fund. Fees must be disclosed in the information for investors about the funds – the fund rules and the Key Investor Information Document (KIID).

In order to provide consumers with transparency about the fees charged by the funds on the market, the FMA has analysed the fees for Austrian public funds as of 31.12.2017. As a result, investors are able to compare how high the fees that are charged for their fund are compared with the market as a whole and their investment strategy.

The risk/performance profile of funds vary depending on the investment strategy and risk class of a fund As a rule, investors should be aware that also in the case of funds higher performance opportunities are associated with higher risks.

More information can be found in the FMA Market Study on Fees charged by Funds for Austrian Public Funds (in German only).