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Caisse d’Épargne’s Smoking Gun: How French Banks Incentivize Portfolio Churning in Managed Accounts
France

Caisse d’Épargne’s Smoking Gun: How French Banks Incentivize Portfolio Churning in Managed Accounts

A buried warning in Caisse d’Épargne’s own documents exposes how remuneration schemes encourage asset managers to boost portfolio turnover, profiting banks while eating into your returns.

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