Read some criticism lately of WAM reporting their returns BEFORE fees. I've just gone through the WGB 2019 Financial Report and it does likewise. Worryingly, the Management Fee per share is quoted as 2.9 cents, in addition to the "Company related expenses" of 1.3c per share. This is a total expense of 1.91%. Too high for me - the Betashares Global Quality Leaders ETF (QLTY) has a fee of 0.41%. Not hard to see why closed end LIC's are struggling across the board, which much of the money appearing to head to more cost effective ETF's.
WGB Fees Not Transparent
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