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Row erupts at European fund body over influence of non-EU giants

Trade bodies representing German and Italian fund managers are unhappy about some of the rights given to corporate members, which include BlackRock and Fidelity

Some firms may ‘reconsider their EFAMA membership if they are severely curtailed or feel unwelcome’
Some firms may ‘reconsider their EFAMA membership if they are severely curtailed or feel unwelcome’ Photo: Getty Images

A rift has emerged within the EU’s fund management trade body over the influence that corporate members such as BlackRock, Fidelity and others have when lobbying on behalf of the sector.

The European Fund and Asset Management Association champions the industry with European policymakers as well as global bodies, representing the bloc’s national trade bodies and members with more than €31tn of assets.

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