The Association of Investment Trust Companies (AITC) has published online statistics on total expens...
The Association of Investment Trust Companies (AITC) has published online statistics on total expense ratios that it says should help investors make better informed investment decisions when buying into investment trusts. The AITC has also published a guide to explain investment trust charges Total expense ratios (TERs) measure the annual management charge and other expenses, including auditors' and custody fees, directors' remuneration, marketing and promotion costs and secretarial costs. They do not, however, include dealing charges, market spread or stamp duty. Th...
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