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A telephone representative at a company that has a relatively expensive fund said that selling the product was, "a hard marketing angle," as he put it.
Given a choice of two investments for your Isa, would you pick the high-performing, low-cost option or the more expensive fund with higher charges?
In short, there will be a market for expensive fund managers, just as there is a market for designer clothes or vintage champagne.Life will be harder for traditional active-fund-management companies.
It would make people think twice before they buy an expensive fund.
Never buy an expensive fund unless there is compelling evidence that it is likely to outperform the cheap alternative.
Buy an expensive fund only if you can persuade yourself that there is something unusually brilliant about the way the fund is run or the people running it.
Similar(52)
The dollar signs in the total expense ratio column range from four dollar signs for expensive funds (e.g. Invesco Technology: 2.43%) to one dollar sign for the most cost-effective, such as CICM International's U.S. stock fund, which charges just 0.46%.
Mr. Gore was also the headline attraction at an expensive fund-raiser here tonight for the Democratic National Committee.
You had to buy a ticket to an expensive fund-raiser or you had to know somebody.
He sings it first in a stratospherically expensive fund-raising gala for the Royal Opera House on Monday, followed by four more performances for ordinary mortals, including free live relays around the country on July 16, sponsored by BP.
This makes it more expensive (funds are cut to programmes that would otherwise help pay for it).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com