07.07.2009 - Super funds switching in a bid to lower fees

From Theage.com.au: Some of Australia's biggest superannuation funds are switching billion of dollars into lower-cost, index-tracking products in an attempt to drive down fees charged by investment managers. The focus on fees follows some of the worst returns for fund members since the introduction of compulsory superannuation nearly two decades ago and has reignited the debate on whether fund managers add value for the fees charged to outperform the index.........Full Article: Source

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