The average cost of investing in a multi-manager fund has fallen by 14% since 2014 as a result of a number of industry pressures, including price competition from passive products.
According to data by fund research firm Defaqto, the average ongoing charges figure (OCF) in 2014 for a multi-manager fund was 1.73%, falling to 1.49% this year. For a multi-asset fund, the average OCF...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till