News Formal

The mutual fund industry says fees have fallen. Have yours?

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A recent report from the Investment Funds Institute of Canada says mutual fund fees have plunged by nearly 30 per cent over the past decade.

Amid market uncertainty, president of Summit Place Financial Advisors Liz Miller, shares the top stocks to invest.

The report attributes the drop to reductions in management fees and investors shifting to lower-cost funds, but MERs on many mutual funds purchased through advisors remain closer to three per cent. That’s why trailing commissions are banned in countries including the United Kingdom and Australia. After years of heel dragging, the practice of discount brokers collecting trailing commissions was banned by Canadian securities regulators in 2022, but nothing compels discount brokers to offer non-advisor versions of mutual funds. In fact, nothing compels mutual fund companies to offer a discount version.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Victoria senior barred from investment markets after stealing real estate fundsAfter four theft convictions, a Victoria man has been barred from participating or conducting business in Canada's investment markets.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Three investment funds with holdings in drugmaker Grifols team up to ask for a board seatFlat Footed LLC, along with Mason Capital Management LLC and Sachem Head Capital Management LP, picked Paul Herendeen to be their representative on Grifols’ board
Source: globeandmail - 🏆 5. / 92 Read more »

'An investment in Workday is an investment in AI': CEO says.Workday (WDAY) CEO Carl Eschenbach joins Asking for a Trend to discuss the HR software company's outlook and different avenues for growth. Eschenbach expects...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Berkshire’s ¥282 Billion Bond Fuels Japan Investment Hopes(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. sold a ¥281.8 billion ($1.89 billion) multi-tranche bond on Thursday in a deal that’s fueling...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »