13 October 2009

Beware of higher fees

An interesting quote from an article in the Financial Times (October 5, 2009) illustrates the need for investors to be vigilant and prevent high management fees from pulling down their investment returns:
'...the wholesale shift (to into niche asset classes) is raising fears that investors are being clobbered with far higher fees, lining the pockets of the industry but potentially sharply reducing investment returns'.