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Study exposes absolute return investment costs
30 November 2009
Up to 55% of underlying performance from absolute return funds has been 'extracted' through various fees and cost so far in 2009
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Spencer-Churchill Miller Private
investment costs
absolute return
Up to 55% of underlying performance from absolute return funds has been 'extracted' through various fees and cost so far in 2009, estimates a study by Spencer-Churchill Miller Private (SCM Private) . The range of percentages in total costs (including front end fees) taken out ranged between 7% and 714% of the underlying return this year.
Since the beginning of 2009, the Absolute Return sector has been one of the most aggressively marketed sectors to retail investors, believes SCM Private. According to the most recent Investment Management Association data, £524.8 million of new money was invested in Absolute Return funds in September 2009.
Following their relatively good performance in 2008, where the average Absolute...
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