Ask An Expert: HIGH-FEE FUNDS

While it's reasonable to pay an advisor 1% for excellent service, fund MERs often charge an additional 1.5% or more that goes to the investment managers. Since the majority of these funds are doomed to lag their benchmarks, those high fees are hard to justify.

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Bibliographic Details
Published in:MoneySense (Toronto) 2016-12, Vol.18 (8), p.27
Main Author: Bortolotti, Dan
Format: Magazinearticle
Language:English
Subjects:
Advisors
Investment advisors
Investment policy
Mutual funds
Online Access:Get full text
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Summary:While it's reasonable to pay an advisor 1% for excellent service, fund MERs often charge an additional 1.5% or more that goes to the investment managers. Since the majority of these funds are doomed to lag their benchmarks, those high fees are hard to justify.
ISSN:1488-1349