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Norway's consumer council thinks fund intermediaries cost consumers too much

The Norwegian Consumer Council states in a new study that active management of global equity funds does not pay off. Now they demand a change from Norwegian banks.

Photo: John Trygve Tollefsen

"The active funds are not beneficial to customers, on the contrary," says the head of section finance at the Norwegian Consumer Council, Jorge B. Jensen, in a comment to Norwegian daily Dagens Næringsliv.

The consumer council has investigated historical returns on 73 active global equity funds and ten global index funds.

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