In my capacity on my day job in Providend, I was asked to make a comment on a recent MorningStar study that came out.
You can see my comments here:
Unfortunately, my Chinese is so lousy that I cannot translate this. Basically, Zaobao seeks a comment why local funds are comparatively so expensive and my answer is as above.
MorningStar’s global investor study seeks to examine the cost structure of funds for retail investors around the world.
They have produce this study every 2 years so this study in 2019 is the sixth edition.
It might not occur to many investors, but compared to many of my blogging peers, I started my investing roots from unit trust. From my perspective, unit trust fees have been high.
I am glad that we have more access to exchange traded funds (ETF). They are roughly similar and have lower