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Exact(10)
Ill-advised buying and selling of funds costs the investing public a substantial sum.
And because the money is invested in index funds, costs are kept to a minimum.
If the rate were cut to 0.75percentt, some funds' costs would exceed the interest rate.
But mutual fund prospectuses are the go-to documents for investors weighing funds' costs and performance.
Over time, the difference in funds' costs can have a significant effect.
Hedge funds' costs were expected to rise by 5 per cent a year due to the directive, according to a KPMG survey of hedge fund managers in 2011.
Similar(48)
Funds cost money.
Foreign funds cost an average 1.46%.
Yet these funds cost a pretty penny when compared to index funds and ETFs.
Because they are young, these funds haven't yet achieved the asset levels that make other index funds cost-effective.
How much does chasing returns using actively managed funds cost investors every year? A. $80 billion.
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CEO of Professional Science Editing for Scientists @ prosciediting.com