The changes are the result of enhancements to the Altitude Investment Programme
Proposed changes to operating expense charges will result in lower MERs
When the external fee-for-service charge is taken into account, U.S. fund fees are roughly equal to those of Canadian funds
Study finds external advisor fee boosts true cost of ownership of mutual funds
Most investors still don’t know the basic cost of holding their funds
MERs will be capped at 100 basis points below advisor servies funds
Cuts to two funds follow reductions in management fees of underlying PowerShares ETFs
Manager eliminating performance fees
THERE IS A CLASH OF TITANS underway that is benefiting both financial advisors and their clients. The new Canadian division of Vanguard Group Inc., with more than US$2 trillion in assets under management (AUM), is challenging the Canadian subsidiary of BlackRock Inc., which handles more than US$3.5 trillion in AUM, in the fast-growing exchange-traded fund […]
Paper will examine whether regulatory measures are necessary to ensure that investors are being treated fairly