News

Pathfinder blazes way with fee cap

Friday 2nd of October 2009

Brownsey said the 1.3% fee (GST included) would pay for all fund expenses, excluding transaction costs covered by a 0.75% buy/sell spread, such as investment management, audit and trustee fees. He said as the fund grows the actual expense ratio should come down closer to 1%.

"I can't think of too many other funds that have put a hard cap on their MER [management expense ratio]," Brownsey...

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