On the Disclosure of the Costs of Investment Management
On the Disclosure of the Costs of Investment Management
复制标题
论投资管理费用的披露
DOI：
10.2139/ssrn.3612994
复制
发表时间：
2014
期刊：
影响因子：
--
通讯作者：
D. Blake
中科院分区：
文献类型：
--
作者：
D. Blake
本文认为，没有提出充分的理由说明为什么投资管理的所有成本，无论是可见的还是隐藏的，最终都不应完全披露。毕竟，这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，如果不是高得多的话。完全透明可以分阶段实行。
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.