Monday, October 3, 2016

Finanstilsynet warns against expensive funds – ABC News

total Assets in kombinasjonsfondene has grown by over 170 percent since the start of 2013, and now represent 57 billion, writes Dagens Næringsliv.

For many customers it will clearly pay off to invest separately in pure equity funds and bond funds. Kombinasjonsfond can be a good product, but the pricing of the funds is set high, ” says seksjonssjef Britt Hjellegjerde in the financial supervisory authority of norway.

The high forvaltningshonorarene means that the funds must make it the better to insure the return for the customer.

– to better customers the opportunity to consider kombinasjonsfond up against the pure interest rate and equity funds, should be informed about the fund’s rate of return specified in the respectively equity investments and renteinvesteringene, and not just overall return figures, she says.

Authority has estimated the price of aksjeforvaltningen to over two per cent, but the maximum calculated fees they took for aksjeforvaltning in one funds was 3.8 per cent. (©NTB)

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