Best of 2022: Sean Peche exposes SA's R320bn Balanced Funds ripoff
SA’s Big Three Balanced Fund unit trusts are harvesting billions every year from clients via management and ‘performance’ fees.
Source: biznews.com
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SA’s Big Three Balanced Fund unit trusts are harvesting billions every year from clients via management and ‘performance’ fees.
Sean Peche says SA’s Balanced Funds are harvesting billions every year from clients via management and ‘performance’ fees.
Peche says South African savers must take responsibility, adopting a long-term investing approach and keep a close eye on costs.
SA’s Big Three Balanced Fund unit trusts are harvesting billions every year from clients via management and ‘performance’ fees.