We have published a new Morningstar Qualitative Rating and Research Report for Aberdeen Multi-Manager Sterling Bond.
"At 2.24%, the TER on this fund is over 130 basis points higher than the Morningstar Sterling Corporate Bond category median. In our view, this is a big negative--expenses are extremely important in bond funds as returns on these funds are constrained. We accept that the category contains primarily direct bond funds, and a fund of funds is typically more expensive than a direct fund. However, we think that investors could achieve an equally well diversified bond portfolio at a much lower cost by holding a direct bond fund..."
The full four-page PDF report can be accessed here. It is free to users of morningstar.co.uk.
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