Investment houses will have to state the profits they make from reinvesting income on funds, if Auti...
Investment houses will have to state the profits they make from reinvesting income on funds, if Autif's latest plans on single pricing are implemented, according to a report in Investment Week. Under the proposed regime, which Autif hopes would come into force before the end of the year, investors would see on their contract notes the actual cost of buying units in a fund and separately, any additional fees charged by the group. This would then also apply to reinvestment of income. At the moment Jupiter, for example, charges the full bid/offer spread of 5% for the reinvestment of inc...
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