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When you buy a tracker you don't expect to see a Total Expense Ratio of 0.86% - YOU DO expect to see one closer to 0.40% !!
So here you pay what amounts to an active management fee - for a guaranteed underperformance ?
Not only are these charges expensive by any standards - they are held up by these ETF houses - as being cheap- aikona!
Time people started shouting.
Do they have a place - in a portfolio- yes but...?
So I dropped the proverbial line to SYGNIA - and guess what they said that they had dropped the charges since taking the ETF over from the bank - I suggest that you take a seat at this point
because of the enormity of the figure I am about to reveal - 0.2% . That is amazing . Could it be that they said to themselves - there isn't another like it - so what the heck let them pay!?
No, that would be churlish on my part to think that.
Far to many passive investors around- time we started shouting. Or at least speaking up?
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