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Fees - True and Fair Campaign
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TJL
Posted: 16 February 2013 18:20:31(UTC)
#1

Joined: 14/03/2011(UTC)
Posts: 176

Thanks: 55 times
Was thanked: 56 time(s) in 34 post(s)
This seems to have a disappointingly low profile so far, but it seems a great idea.

Platforms are going to hate it.

http://www.trueandfaircampaign.com/
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Forestbhoy
Posted: 16 February 2013 22:24:02(UTC)
#2

Joined: 13/03/2012(UTC)
Posts: 1
ahh.... if so in the real world....can't see who ever is in charge letting the truth out of the bag ...
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Clive B
Posted: 16 February 2013 23:56:27(UTC)
#3

Joined: 25/11/2010(UTC)
Posts: 348

Thanks: 76 times
Was thanked: 59 time(s) in 37 post(s)
Says the campaign was initiated by SCM Private. If you go to their website, yes they have a lower AMC than some - at 0.75% + VAT (hence 0.9%) - but their Long Term Return Portfolio shows returns since 8 June 2009 of 49.3% (to Jan 2013).

That underperforms the FTSE Allshare which appears to have gained 54.7%

Suggests it would be better to stick to FTSE trackers with higher AMC, e.g. 1.5%, than SCM's Long Term Return Portfolio with lower AMC.

Moral (imo) - it's not fees that matter, it's net return after fees to the investor that counts
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TJL
Posted: 17 February 2013 07:27:25(UTC)
#4

Joined: 14/03/2011(UTC)
Posts: 176

Thanks: 55 times
Was thanked: 56 time(s) in 34 post(s)
Yes, thanks.
I wasn't suggesting this as an investment (I appreciate who is behind it), I just thought the idea was interesting, especially if they follow it through, as fees & charges are a consistent theme here.
Regards.
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