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It's funny because the author did a similar trick. Vanguard's fees are 0.17. The pension fund paid ~0.25. That's a small difference because the numbers are sma
by harmegido 12y ago
It's funny because the author did a similar trick.
Vanguard's fees are 0.17. The pension fund paid ~0.25. That's a small difference because the numbers are small!
Actually, that's nearly a 50% upcharge for the fund relative to vanguard.
- danielweber 12y agoGiven 17 basis points for a passively managed fund, 25 basis points for an actively managed fund is a fucking steal. Saying "50% more" is completely the wrong way to look at it.