Amortize in loads and other costs, he says, and the average fund eats away 3% in total expenses annually.
As for the industry idea hooted down a year ago of having access to the Feds discount window in a crisis, it could be revived with this proviso: The Federal Reserve would lend on the basis of sound collateral but at a penalty interest rate, with the companies that issue money market funds eating the loss.
Under this option, Apax would rather close with some increased risk of loss then have its new funds eat the termination fee and its old funds take a big loss.
At least one study has found that investors who engage in passive exchange-traded funds eat away the gains in performance by using this as an excuse to trade more.
After the Canadian government withdrew promised financial support for the expedition, the delay in finding replacement funding ate into the Arctic sailing season.
"The kids' activities, expenses and college funds eat the family's discretionary cash and you're deep in debt," he notes.
I don't know about you, but I'd hate to see my funds eaten away by any kind of inflation.
Look at it this way: That cost-heavy fund is eating up more than 15% of what your bonds yield.
The chairman of the National Eating Disorders Collaboration, psychiatrist Prof Patrick McGorry, said no government had ever funded an eating disorders support service that was integrated with the health system.
Morgan said providing more beds was important, but there was also a dire need for more funding for eating disorder care in the community from psychologists, psychiatrists and GPs.
If the transaction costs of this high turnover market impact and the bid-offer spread were made explicit, Mr Bogle says, investors would see that the cost of fund management eats up as much as 2.5-3 2.5-3%eir assets a year.Suck it and seeIf the fund-management business has an idea fof a productheire new fund is out on the massetsbefore anyear.Sucktested it.
