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Funds hiding true fee costs in PDSs

Despite still complying with requirements from the Australian Securities and Investments Commission (ASIC) to fully disclose fees to prospective buyers, it is very rare for funds to be entirely open about their fee structures on their websites.

Funds hiding true fee costs in PDSs
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Research by Money Management found that while ASIC’s RG97, introduced in March last year, requires funds to fully disclose their fee setups in the product disclosure statements (PDSs), many did not make that information fully accessible in their general websites and factsheets for their funds.

Read the full story at Money Management.

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