Friday, March 20, 2015

Data on Money Managers—Gross or Net


I keep looking at the returns that money managers provide to investors, and perhaps I am lazy or just too old to know where to look but are the published returns before or after the fees are paid? The articles in the journals, or Morningstar, or even the actual prospectus may state the fees, but seldom indicates whether or not the returns vs. benchmark include the fees extracted.  Any common approach or terminology I should know?  Guidance please….

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