Canadian REITS, Trusts & Dividend Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Scott Mc who wrote (3530)	6/23/2002 9:37:56 PM
From: Peter W. Panchyshyn	Read Replies (2) of 11633

Just trying to keep it simple, in actual fact most funds are charged daily, so its 1/365x2.5% or whatever.. ------ Now you would of course be able to provide some evidence of the fees being charged daily. As is usual you make the statement but provide no confirming evidence ------ THE BOTTOM LINE IS THAT IF THE ASSETS ARE $1000 you pay $25 dollars a year in fees, so instead of getting a 10% return from a fund you received 7.5%, it may come off the money you send in with your rights.... ------- Sorry but again that just does not jive with the facts. Management fees are charged against the total assets of the fund. PERIOD. Not against one individual unitholders purchase or distribution he recieves. Now if you can provide such evidence then please do so. ------------ I'm just trying to keep it simple and the reason my previous examble was remarkably similar is THAT IS WHAT HAPPENs... ------ Clearly that isnot what happens. And another reason would be that there would have to be a paper trail of such happens. So if you can provide from someone a deposit slip showing that a fee was taken off then do so. Or if you can provide a slip showing that a persons distributions were reduced by a fee than do so. In all funds I have looked at management fees are charged against total assets. That is what is said. So that is what is done. PERIOD. All one need do is confirm from any fund annual report ------------ If you can show otherwise again please do ------------ Scott

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next