The July Insight research feature builds on our last month’s exploration of the multi-series world. In June we examined asset growth and sales trends by series of funds. This month we shift focus to the cost of funds by series (or share classes). The analysis documents the evolution of the management fees and management expense ratios (MERs) of funds in A-series (with embedded advisor compensation); F-series (for the fee-based platforms); HNW-series (for the high-end investor); and D-series (for self-directed investors). All the detailed data, and much more, is available online to subscribers of SIMFUND Canada.
The Trendlines research feature looks at the relationship between net flows and the funds’ standard deviation of investment returns, in aggregate and for funds with variant Morningstar RatingsTM.