email: info@cladegroup.com
tel: +27 (0)21 423 6940
tel: +27 (0)21 423 6940
Transparency and liquidity at a low cost
Investor fees are clearly laid out and investors can be confident that they can exit at any time as the market maker guarantees liquidity. The costs of the ETF are typically lower than those that would be incurred if attempted to replicate the index by holding the basket of underlying securities in their own right.
Fees are offset by earnings from securities lending
As far as possible, proceeds from securities lending will offset frictional transaction costs (including taxes, levies, exchange fees, settlement fee, audit fees, administration, custodial and asset management fee). If the proceeds from scrip lending are more than the fees, the balance will accrue to the investors.
As far as possible, proceeds from securities lending will offset frictional transaction costs (including taxes, levies, exchange fees, settlement fee, audit fees, administration, custodial and asset management fee). If the proceeds from scrip lending are more than the fees, the balance will accrue to the investors.
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