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Fund managers worry comparison tool unfair
Wednesday 27th of February 2019
The Smart Investor tool is based on information on the Disclose register.
It bases its managed fund fee comparisons on a $10,000 invested balance.
Some fund managers said that distorted the fees when quoted as a percentage of that balance, because fixed management fees are a larger proportion of a lower balance than they would be of a higher one.
The most expensive KiwiS...
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