gnf_ireland
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You can pay a platform provider 0.4% AMC and whatever your fund manager charges on top. Complete transparency on charges.
Thanks Marc - clear response much appreciatedWe have looked at this question in detail and concluded it simply isn't cost effective to use ETFs within an Irish Pension structure especially as it is now possible to purchase the equivalent mutual fund with no transactions costs.
How much (if any) of that goes to the fund manager? Trading costs are deducted before the units are priced each day
Agree - a Total Expense Ratio for each and every fund would be very welcome and allow much greater transparency to peopleI continue to find it extraordinary that Irish life companies are not required to disclose the full OFC for unit-linked funds.
Hi Steven
Can you elaborate on this somewhat? When you say "platform provider" are you referring to a life company, pension trustee or something else? Also, when you say "0.4% AMC" - is that the total hosting cost or is there another layer of costs (in addition to the underlying fund OFC and portfolio trading expenses)?
I continue to find it extraordinary that Irish life companies are not required to disclose the full OFC for unit-linked funds. The opaque pricing of units really should be addressed by the Central Bank at this stage.
Yes, that's correct.
I have a tiered charging structure. The more money I have under management, the more I have to pay for indemnity insurance, levies etc, so it's not a once off cost to me to have money under my management. I charge a set up fee to cover the costs of investment strategy, implementation and
Sarenco,
Did you see the piece I had in the Sunday Business post on mirror funds?
Zurich Japan Index Fund vs Nikkei 225 Index 10 years ending 17/12/15
Source: FE Analytics
Difference in total return 12.59% over 10 years ending 17th December 2015 (1.193%pa)
So the reference in that case was the underlying Nikkei 225 Index which has no costs.
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