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Fitzrovia Releases New Data On Average Fund Charges

by Carla Johnson, Investors Offshore.com

09 June 2003

Specialist fund research company, Fitzrovia International last week released new quarterly data on offshore fund charges, detailing the total expense ratios (TERs) for more than 37,000 funds and share classes globally with around US$ 4 trillion in total net assets across Europe and offshore.

Explaining the reasoning behind the release of the data, Paul Moulton, Fitzrovia's chief executive observed that:

'Regardless of market conditions, annual charges drag on fund performance year in, year out, so awareness of funds' TERs is essential.' He continued:

'The TER expresses all annual operating costs as a proportion of a fund's average net assets over one year. These costs include not only the generally quoted annual management charge, but also other operating costs shown in each fund's report and accounts, including administration, custody, and audit expenses.'

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