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The big questions

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Why you don't get what you pay for

July 10, 2012
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High costs are the biggest handicap for active fund management, according to Vanguard Asset Management's UK chief Gus Sauter. The more you pay managers, the less you will receive as an investor. The reason: active managers are not in the business for nothing: they have to find enough security to overcome the extra costs of buying and selling.  

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