‘I’m selling my house, but my building society tells me I’ll have to pay them more than 2,000 ? as I’ll have to pay 3 per cent of my mortgage balance as a penalty. I bought the house in February 2006 on a two-year fixed-rate deal, and with that kind of fee, I’ll end up […]
It’s certainly no secret that we believe that investors should pay a lot of attention to costs as they evaluate and select funds. Indeed, we score funds on their fees as part of our http://quicktake.morningstar.com/DataDefs/StewGradeMethodology.pdf. We insist that our http://news.morningstar.com/article/article.asp?id=119730&_QSBPA=Y be at least reasonably priced and strongly prefer that they be attractively priced. And we’realways […]
Fidelity plans to add performance fees to 19 Fidelity Advisor offerings pending shareholder approval. The fees will go into effect on a broad range of funds and will match those already applied to others in the Advisor family. Fidelity will add or subtract as many as 20 basis points, or hundredths of a percent, to […]
The FTSE 100 moved above 6,300 for the first time in six years yesterday after the Bank of England sent analysts forecasts haywire by disclosing that its surprise interest rate rise this month was decided on the narrowest of margins.
Mervyn King, the Banks Governor, used his casting vote on the Monetary Policy Committee to […]
When the United Arab Emirates government announced three years ago that it was to build The Palms, three exclusive residential islands, off the coast of Dubai, it caused a very big splash. Environmentalists said it could damage ecosystems. Engineers predicted the coasts of these new islands would soon erode. Others thought the project too ambitious, […]
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