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The ins and outs of performance fees

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.

Sonya Morris, CFA 04.06.2009
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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About Author

Sonya Morris, CFA  Sonya Morris, CFA, is Associate Director of Fund Analysis at Morningstar.

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