23 June 2019
In 2016 the Association for Savings & Investment South Africa (ASISA) introduced standards relating to the disclosure of total expense ratios and transaction costs for financial products such as collective investment schemes.
Costs really do matter when analysing any investment, so knowing what to look for when comparing TERs, TICs and TCs is essential. In this article we unpack the implications of these measures and what drives them in the context of index investing.