Its nice to have ones view validated. Kaspanz for years now has been saying fund managers fees in New Zealand have been a golden mile, too high, and out of kilter with other OECD countries.
Kaspanz has also been consistent for over a decade in saying “the research” on active management performance over the alternative passive approach , strongly favours passive. Consumers should be cautious in investing in funds with fees higher than the lower end of the spectrum and also look for hidden costs too.
The Financial Markets have released their findings on active funds performance, concluding :However the impact of fees caused the benefits of this competence to disappear for most funds: