Beware funds bearing fees
Thursday 10 May 2007
In his column featured in the Mail on Sunday, Richard Dyson wrote on 30th January 2007
"Nic Round, adviser with Murray Round Wealth Management in Shrewsbury, Shropshire, says: 'If a fund manager trades a large portion of their portfolio in one year, then total annual costs can approach three%.'"
"Round's solution is to put his clients' money into portfolios of low-cost tracker funds. Trackers have long been available from mainstream companies such as Virgin and Legal & General. But in recent years, new ranges of tracker-style funds have appeared, including inexpensive exchange traded funds (ETFs), which track a large range of the world's stock market indices."
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Categories: Articles, Research, Fees
posted by Murray Round Wealth Management @ 10:23,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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