Continued from front page..
This issue is jam packed with information and offers and we encourage you to check out our informative ‘Back to Basics’ in future issues for the not so experienced investors. We will also be working hard to provide investment opportunities to experienced investors and share traders in future issues.
Take advantage of our Portfolio Health Check and get 2008 off to a profitable start! (p19)
DIY investor tools, making it easier for you to invest
As an investment professional who as worked in
the financial services industry for over 10 years, I
realised that it can be overly complicated for
planners and investors alike to compare products
and make their own investment decisions. I
recently viewed a PDS document that was over
200 pages long! I found myself asking how can
this be in the interest of investors and disclosure
when you are expected to trawl through 200 pages
to look for one or two key areas?
I am one of the biggest advocates of disclosure,
Product disclosure is one the key reasons that
product providers can no longer get away with
charging you 4% or 5% each year, but with fund
managers charging a wide array of annual
management fees, contribution fees, bid offer
spreads and plan fees, its getting more and more
difficult to compare like with like.
Free managed fund comparison
tool
My concern is that the ambiguity that currently
surrounds fees only serves to benefit managed
fund companies. Planners and investors alike
struggle to find out exactly what the overall effect
of the deductions is on their managed funds. As a
result our first priority was to build a managed fund
comparison tool to allow investors to compare like
with like when considering the performance vs
charges debate. |
