Are these expenses fair to investors?
We write about fund costs a lot here at Morningstar, usually in terms of the total expense ratio (TER)--a standard way to evaluate ongoing fund costs. Costs are also a significant element of the
Morningstar Qualitative Rating for funds (
click here for an up-to-date list of ratings available for funds sold in Hong Kong). We pay close attention to expenses for a simple reason: they are among the more important factors in determining relative fund performance. They chip away at performance year after year and their impact com
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