Dresdner RMC Global records the lowest TER

UK investment trusts managed by Dresdner RCM Global Investors have the lowest total expense ratios (TERs), according to analysis by City Financial Communications. In the Investment Trust Total Expense Ratio Directory 2000, Dresdner RCM came first in the rankings for best TER while Fleming Asset Management and Foreign & Colonial Management came second and third respectively. TERs measure fees and expenses that are charged to an individual trust over an annual period and have a direct and assessable impact on performance. These operating expenses are billed on an annual basis against a...