Fund charges

SallyG

http://www.investmentfunds.org.uk/chief-exec-blog/2013/03-04-13/
"So I have a proposition that I want to ask a broad range of stakeholders to help me with. This includes asset managers, clients, advisers, the media and consumer representatives. I want us to work together to build a simple solution and to develop a methodology that makes customers better informed without needing a PhD in fund accounting............."

"This would allow a very simple statement of costs and performance to be given to investors. For example,for a fund whose accounting year was the same as the calendar year we would be able to tell an investor who had bought and maybe sold some units during the year: “You held 3,456 units on January 1, 2012 with a value of £4,320. On December 31, 2012, you held 5,140 units with a value of £6,939.
“For a unit held throughout the whole year, the price went from £1.25 to £1.35, a rise of 8%. The total costs for a unit held throughout the year were approximately 2.5p per unit. The costs were equivalent to a quarter, or 25%, of the growth in the value of a unit. If you want to know the details of the costs, please click here.” "