FR - Guide on UCI outperformance fees


In December 2018, the French Asset Management Association (AFG) and the French Association of Securities Professionals (AFTI) published a best market practices guide on outperformance fees in UCITS and General Investment Funds.

The aim of this joint Guide is to showcase examples of market standards with regard to operational methods and practices that are considered relevant and appropriate to ensure a proper alignment of interests between investors and management companies.

The Guide is broken down into two parts:

  • A first part that sets out methodological principles for calculating outperformance fees; and
  • A second that focuses on the technical aspects of applying the outperformance fees.
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