The total expense ratio for most multi-manager funds has spiked up over the past 12 months, but fall...
The total expense ratio for most multi-manager funds has spiked up over the past 12 months, but fallen over the previous three years. Lipper’s report on fund fees reveals assets under management for UK-domiciled funds of funds increased has increased threefold, up from £12.4bn in 2003 to £34.8bn in 2008. It said equity funds suffered outflows of £1.35bn in the first quarter of 2008, while fund of funds drew in £250m. Lipper’s director of fiduciary operations Ed Moisson said the distribution landscape indicated more power will pass to funds of funds to negotiate greater reduction in fe...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
