INVESTMENT EXTRA: Pressure on funds after Neil Woodford’s vow
Gina Miller, founder of the True And Fair Campaign, which is fighting for funds to reveal their annual cost in a simple pounds and pence figure that savers can easily understand, says: “While Woodford should be applauded for detailing his costs, he does not trade very frequently. So his research costs are likely to be lower than many funds and therefore will have less impact on performance.
What I am more worried about is those managers who buy and sell regularly, perhaps three or four times as often as Woodford, and are not following suit.”
(Daily Mail – External Link)
Posted By: True and Fair, 9:00 pm