I WAS interested to read that Jardine Fleming's fee income from its unit trusts had reached such levels (February 17, Business Post ).
Your reporter points out that the details of fees from management charges and front-end loading are available for the first time.
Maybe, but any potential investor will still find it hard to discover future costs, because JF seems intent on hiding them.
I have just received its promotional booklets, and details of its new JF Mastersaver scheme. Neither the booklets nor the application forms even mention the bid-offer spread (the front-end charge), while the level of annual management fees can only be found, in tiny print, in the accompanying turgid 'summaries of explanatory memoranda'.
Why are they so keen on hiding the costs of their products? GEOFF COSSON Sai Kung
