I signed up for a RA with PSG. The funds I'm investing in is the PSG Flexible fund and the Nedgroup Investments Core Diversified fund. Today I received a welcome email with all the documentation of the RA. One of the documents was for the EAC (effective annual cost). It comes to:
1 Yr - 2.8%
3 Yrs - 2.3%
5 Yrs - 2.2%
14 Yrs - 2.1%
I asked Allan Gray for a quote where the funds are PSG Flexible fund and the Allan Gray Balanced fund. Their EAC comes to:
1 Yr - 2.1%
3 Yrs - 2.0%
5 Yrs - 2.0%
10 Yrs - 2.0%
My question is, how can PSG's EAC be more than Allan Gray's (where ALG has the 2 more expensive funds)?
1 Yr - 2.8%
3 Yrs - 2.3%
5 Yrs - 2.2%
14 Yrs - 2.1%
I asked Allan Gray for a quote where the funds are PSG Flexible fund and the Allan Gray Balanced fund. Their EAC comes to:
1 Yr - 2.1%
3 Yrs - 2.0%
5 Yrs - 2.0%
10 Yrs - 2.0%
My question is, how can PSG's EAC be more than Allan Gray's (where ALG has the 2 more expensive funds)?