Is investment expense a proxy for good governance?
from CFA Institute Enterprising Investor
Americans are a cost-conscious lot. We all like a good deal. And that’s become especially clear when it comes to investing. As an investment counselor, I now field questions that I didn’t hear a few years ago. Clients ask, “What’s the portfolio cost?” “Why aren’t we using more indexes?” “Why is this so expensive?” In almost every governance survey of asset owners, investment expenses have emerged as one of the top three concerns.
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