Fof charge spread widens

multimanager

survey finds greater gulf in fof charges on fofs is due to huge increase in products offered

The scope of annual changes on fund of fund (Fof) offerings is growing wider, according to a survey by Investment Week's sister publication MultiManager. The charges on Fofs are polarising, with a wider spread between the most and the least expensive offerings in the market. Comparing this year's MultiManager Fof survey results of their total expense ratios (TERs) with the survey conducted last year, more vehicles have TERs above 3%. However, it appears the spread of charges between 2003 and 2004 is down to the huge increase in the number of vehicles, rather than any obvious trend movemen...