Mawer Launches New Fund - Page 2
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Thread: Mawer Launches New Fund

  1. #11
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    Quote Originally Posted by OnlyMyOpinion View Post
    Not baaaad nelley. A math lesson, that's almost a money forum type post. We won't ask how your relationship with sheep enters into it.
    Try not to obsess about me so much pervo.


  2. #12
    Senior Member humble_pie's Avatar
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    Quote Originally Posted by mordko View Post
    MER includes various trading costs.

    MERs almost never include trading costs such as commissiions for buying & selling the actual holdings of a fund. These are known as TERs. These amounts are not conspicuously set forth in fund literature, although they should be. Normally one finds TERs buried in the footnotes to audited financial statements.

    TER costs are included in the aggregate cost of securities purchased during the period of a financial statement. They have also been deducted from the aggregate proceeds from disposition of securities during such a period. So far, regulations do not require that these amounts be set forth independently.

    however, actual the ratio of TER costs from the footnotes should be added to MERs in order to arrive at a more accurate picture of a fund's total cost.

    .
    ''A narrow place can hold a thousand friends" - old Syrian proverb

  3. #13
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    Quote Originally Posted by OnlyMyOpinion View Post
    Not baaaad nelley. A math lesson, that's almost a money forum type post. We won't ask how your relationship with sheep enters into it.
    the man definitely has a thing about sheep. Big time.

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  5. #14
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    Quote Originally Posted by humble_pie View Post
    MERs almost never include trading costs such as commissiions for buying & selling the actual holdings of a fund. These are known as TERs. These amounts are not conspicuously set forth in fund literature, although they should be. Normally one finds TERs buried in the footnotes to audited financial statements.

    TER costs are included in the aggregate cost of securities purchased during the period of a financial statement. They have also been deducted from the aggregate proceeds from disposition of securities during such a period. So far, regulations do not require that these amounts be set forth independently.

    however, actual the ratio of TER costs from the footnotes should be added to MERs in order to arrive at a more accurate picture of a fund's total cost.

    .
    MER includes management fee, operating expenses and taxes = various trading costs, as well as the fee. The point was that MER does not equal profit pocketed by the fund operator. And that these non-fee costs are higher for an EM fund.

  6. #15
    Senior Member GreatLaker's Avatar
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    Mawer's TERs are posted on the main web page for each fund, in a line after MER. Most of them are well under 0.1%. TER for this fund is not listed, probably because it is new.
    Eschew obfuscation. Espouse elucidation

  7. #16
    Senior Member humble_pie's Avatar
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    Quote Originally Posted by mordko View Post
    MER includes management fee, operating expenses and taxes = various trading costs, as well as the fee.

    most folks will consider "trading costs" to mean the commissions paid to buy & sell the securities and/or derivatives that comprise the actual holdings of a fund. These commission costs are not included in MERs.

    .
    ''A narrow place can hold a thousand friends" - old Syrian proverb

  8. #17
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    Commission costs for "buy and hold" funds like those run by Mawer are not going to change a thing - see GL post above.

  9. #18
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    Quote Originally Posted by Nelley View Post
    If you are hoping for 7% return from these grifters they are charging you 1.6/7 or 22.8% a year for the honour of giving them your money.
    They have a pretty good long term record for beating their benchmarks (after MER etc)...check out their performance & get back to me...(I own some Mawer)

    These guys are the only MF operators that have a clue...
    Last edited by Eder; 2017-02-01 at 06:09 PM.

  10. #19
    Senior Member humble_pie's Avatar
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    Quote Originally Posted by mordko View Post
    Commission costs for "buy and hold" funds like those run by Mawer are not going to change a thing - see GL post above.

    i was commenting on inaccurate lumping together of trading costs as part of MERs in post No 4 above.

    MER includes various trading costs.
    the honourable member was talking about MERs & trading costs in general. Everyone knows that "trading costs" are commission costs, which are not included. In the context, the statement was a bit misleading.

    .
    ''A narrow place can hold a thousand friends" - old Syrian proverb

  11. #20
    Senior Member dubmac's Avatar
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    Quote Originally Posted by Eder View Post
    These guys are the only MF operators that have a clue...
    ...I agree. Last year they have a tougher year than the previous 5-7 yrs. I hold Mawer, and will continue to. They have many awards that have been earned, and their MAW104 balanced fund is a darling among some of the financial critics and talking heads.


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