Buying an investment fund is unlike almost any other purchase you will ever make as you are not told upfront how much it is going to cost you. The best available estimate is the 'ongoing charges' figure, which is disclosed in the associated literature, but it does not give you the full picture.
A fund's ongoing charges include the annual management charge levied by the fund manager, as well as admin fees and other expenses, with the main omission being the transaction costs. These are incurred each time that a fund buys or sells an investment and they can really mount up for an actively managed fund.
by Victor Hill| Economics |12 mins. to read Thanks to action on climate change at international level, renewable energy (electricity generation by means of solar panels, wind power, heat pumps and so on) is the most rapidly growing industry on the planet. That doesn't necessarily make it investible.
by Evil Knievil| Evil Diaries |1 mins. to read The fuss about the forthcoming listing of Aramco is entirely fake. The idea behind the 25% free float rule is to ensure that there is as little manipulation of the share price as is possible. Aramco is simply a vast bet on the price of oil, Aramco's reserves and of course Saudi politics.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such decision.
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