As it is the fund manager’s responsibility to manage the fund to ensure Regulation 28 compliance, the investor would remain compliant if invested 100% in a fund.
Over the past week, there was a report and an interview by another publisher with London-based fund manager Sean Peche who delved into fees and in particular performance fees raised by some large South African fund managers. Although the comments were made in general, special attention was given to balanced funds. The views of Sean