Subscribe today - find out more
Why you should consider BusinessDesk

Free is the lowliest number: fund fees at the zero bound

David Chaplin
Wed, 01 Sep 2021

Even boutique classes of managed funds are cutting fees hard. (Image: Depositphotos)
David Chaplin
Wed, 01 Sep 2021
If price is the measure, new figures from global research house Morningstar confirm investment management has evolved from cottage industry to commodified production-line status over the first 20 years of this century.­­The regular annual Morningstar study found the average fee paid by US fund investors more than halved since 2000, falling from 0.93% to 0.41% at the end of last year.Cheap pays, too. Most US fund assets now pool in passive index strategies managed by a handful of firms, with Vanguard and BlackRock the notable beneficiari...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

400 trainee pilots allowed into NZ
Brent Melville | Sat, 23 Oct 2021

Pilot trainees will make up 40% of the latest cohort of international students allowed in from mid-2022, with an assumption that tight border rules will still be in place.

Technology FREE
Review: NuraTrue, the earbuds that listen to you
Henry Burrell | Sat, 23 Oct 2021

Personalised audio at a relatively affordable price point. It's a winning combination.

On the Money
On the Money: IRD's rich list, Damian O'Connor's FTA in MIQ, and more
Rebecca Stevenson | Sat, 23 Oct 2021

OTM this week: what does Inland Revenue consider rich, why was Damian O'Connor absent from the FTA celebrations, which new car is triggering FOMO amongst the Remuera Tractor set, and more.

Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.