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He would set up a health care fund, charging every living Californian $35 a month for health care.
In the 1960s, Warren E. Buffett ran a fund charging no management fee but taking 25 percent of investment gains above a 6 percent threshold return.
Mr. McCall's main competitor for the nomination, Andrew M. Cuomo, has criticized his management of the retirement fund, charging the comptroller should have avoided enormous losses on investments in fallen companies like WorldCom, Enron, Global Crossings and Tyco.
He says that someone with £100,000 invested in a mainstream fund charging 0.75% will pay between £1,100 and £1,200 at Hargreaves, but just £830 at Interactive Investor, £840 at Alliance Trust Savings and £950 at AJ Bell.
One chooses a fund with a 1.84% expense ratio, while the other finds a good fund charging 1.42% annual expenses.
Put $100,000 in a fund with expenses of 1.5% (average for domestic equity); the bill is $1,500 a year, versus $300 for a fund charging 0.3%.
Similar(48)
But the Vanguard Inflation-Protected Securities fund charges just 0.22percentt.
That one fund charged shareholders $375 million in expenses last year.
The BlackRock 100 UK Equity fund charges 0.07% of your assets every year.
The average international market fund charges $1.76.
The fund charges a 1.65% expense ratio.
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