Our investment philosophy clearly shows that we believe that fees and costs matter.  One cost effective way to access a well diversified portfolio of shares is through listed investment companies where fees are less than one tenth of the size of the average managed fund bumping around in the Australian market place.  However, as Scott Francis reports in his latest Eureka Report article, the performance of these funds has been less than what investors should expect to receive from their capital investment - the market return.

Please take a look at Scott's article - Why L-I-Cs can be D-U-Ds  for more details.