#663943
Postby jaizan » May 12th, 2024, 9:46 am
There can be a difference between what's required and what actually happens.
I've seen Investment Trusts where the fees shown on the KID don't match those on the monthly factsheet, with the latter being higher. I queried this and the provider didn't seem to care.
I'd like to see laws that compel providers to show their TOTAL costs, including all fees, management charges, trading costs and costs where they invest in another fund with fees. Ultimately, that's all money the investor isn't receiving, so he should know about it.
As it stands, I think the KIDs are worse than useless, as they might kid some less careful investors into thinking that they're checking out all necessary information.
Whilst we're at it, when I buy an Investment Trust, my brokers have a time wasting screen that shows me the total costs of this investment. In the case of AJ Bell, the calculation is usually wrong, as it doesn't take into account the cap on fees paid to AJB for Investment Trusts in a portfolio.