By Ingrid-Claudette Blanc The total expense ratios (TER) on all UK unit trust and Oeics has f...
By Ingrid-Claudette Blanc The total expense ratios (TER) on all UK unit trust and Oeics has fallen by 6.8% over 12 months, according to research by Investment Week's parent company, Incisive Media. Its annual report into TERs found that for 2000 the average figure was 1.37%, down from 1.47% in 1999. The research, based on analysis of the semi and annual accounts from more than 100 fund groups, covered 1,200 portfolios. TERs measure the fees and expenses over and above the stated management charges allocated to a fund over an annual period. As such they have a direct impact on distr...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes