Gary Mairs, chairman of the investment committee at TCF Investment, talks to Charlotte Moore about how the use of ETFs supports the firm's low-cost investment philosophy
Why have you started TCF Investment? David Norman and I started the firm to offer the retail market a low-cost, multi-asset portfolio that invests in passive instruments. We started from the point of view that the investment performance of an actively managed multi-asset portfolio is eaten away by the costs associated with these funds. By using passive strategies, we can still offer a well designed multi-asset portfolio but save over 2% a year in costs. That doesn’t sound like that much money but when it is compounded over time, it makes a significant difference to the investor over the ...
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