Unlike investment funds in almost any other country, not to mention almost any other product or service, latest IMA data shows UK funds, incredibly, get more expensive the more of them we buy.
September 26, 2011
There are miles of billboards and acres of newspaper pages filled by the fund management industry with sales and marketing hype about performance, but very little about the impact of costs. David Norman of TCF Investment said, “Advisers and planners should ensure that expense ratios are one of the top factors used when selecting funds. … [Read more…]
September 26, 2011
Over the last 12 years, the investment funds industry has inflicted a 100% turnover of funds on retail investors and their advisers. Nearly one fund was launched and one fund closed or merged every working day over the period, according to the sector’s own trade body, the Investment Management Association (IMA). It is extremely unlikely… [Read more…]
October 17, 2011
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