DIY fund critics don't add up

The DIY scare campaigns are rubbish … and they’re cheaper to run than balanced funds.

PORTFOLIO POINT: As well as providing greater investment flexibility, self-managed funds on average cost less to operate than balanced funds.

Regularly in the personal wealth sections of our daily newspapers there are “scare” articles, with the tax department warning trustees of self-managed funds that the rules are getting tougher.

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