quote:
Originally posted by winner69
Quote:
quote:Originally posted by Treetops
You are right imo Rif Raf.
If you compare the diluted NAV 1.6083 with the same thing but excluding performance fees 1.6370 in the weekly valuation 7 Feb the effect is nowhere near 30% but what is NPV stand for so I may be up a tree here?
The thing is that Fisher take a management fee every year ... into the future
Look at it this way .... assume the NAV doesn't change over the next 10 years .... Fisher take their fees every year .... the NPV (the value in todays dollars) of these fees for the future i say is about 30 cents (20% of NAV) of todays NAV .... (of course if the NAV stayed the same for 10 years the fees would not be so high as they are today)
But this type of fund is what you are after isn't it treetops so as you say the cost is acceptable to you
Hope it keeps adding value