I find alot of managed funds doubling up on fees!
Like I know of a MLC mamanegd fund that had a return of around 18%, but 97% was invested in Platinum asset manangement.
My issues is that the consumer who was investing in MLC would have been hit TWICE by MER, once by PLat Asset and the other by MLC.
they would have been better of investing into Plat Asset directly!!
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