“If you buy a bank's asset manager, what are you buying? ” says Massimo Tosato of Schroders.

施罗德的MassimoTosato说“如果你购买银行的资产管理部门的基金，意味着你正在买什么呢？

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Both Holderith and Schroders market funds based on emerging markets, so their opinions aren't without biases.

赫德斯和施罗德都销售立足于新兴市场的基金，因此他们的观点并非没有偏见。

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“A disproportionate amount of the benefits of alpha go to the manager, not the client, ” says Alan Brown at Schroders, an asset manager.

“经理人将得到alpha收益的大部分而不是投资人。”Schroders的资产经理Alan Brown说道。

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“Reducing total expense ratios by 30 to 50 basis points can have a major impact on net customer returns over 20 years,” says Mr Tosato of Schroders.

施罗德的Tosato先生说“将总成本降低30到50个基点可以对20多年的顾客净回报率有着重大影响”。

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“Reducing total expense ratios by 30 to 50 basis points can have a major impact on net customer returns over 20 years,” says Mr Tosato of Schroders.

施罗德的Tosato先生说“将总成本降低30到50个基点可以对20多年的顾客净回报率有着重大影响”。

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