Fund managers told to come clean on £22bn-a-year costs

Jeff Prestridge
May 2011
Mail on Sunday;5/ 8/2011, p80
RESEARCH group DMP Financial believes the retail fund management industry should be more open about the costs that eat away at investors' returns in popular unit trusts and openended investment companies. DMP says the current measure of a fund's annual expenses, the total expenses ratio (TER), understates the true costs that investors suffer. This is because the trading costs in buying and selling holdings within a fund are omitted from this calculation.


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