论投资管理成本的披露

D. Blake
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引用次数: 6

摘要

本文认为,对于投资管理的所有成本(包括有形的和隐性的)不应最终完全披露的原因,并没有提出充分的理由。它们毕竟是由投资者承担的真正成本。此外,最近的研究表明,隐性成本至少与可见成本一样高,甚至更高。完全透明可以分阶段引入。
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On the Disclosure of the Costs of Investment Management
This paper argues that no good reasons have been put forward for why all the costs of investment management, both visible and hidden, should not ultimately be fully disclosed. They are after all genuine costs borne by the investor. Furthermore, recent studies have shown that hidden costs are at least as high as visible costs, if not much higher. Full transparency could be introduced in stages.
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