Hey all, first time poster here. I hope I dont break any rules.
So basically we have this equity fund that we manage and there are two classes to the fund with different annual management fees applied to both funds (No performance fee). The retail fee is 1.75% annually and the institutional fee is 0.95% annually.
So what I would like to know is the follows:
I have the following performance figures for the RETAIL class (1.75% fee) after fees of:
Week 1: 0.18%
Week 2: 0.40%
Week 3: -0.53%
Week 4: -0.01%
Week 5: 0.04%
How would I get the equivalent returns for the institutional class where only 0.85% is taken off annually? Would I just take the difference of the two fees, 0.8% or 0.008, and divide it by 52 to get the difference on a weekly basis and then add that amount onto each weekly performance to account for this difference.
So for Week 1: 0.18 +(0.008/52) = 0.1802
Week 2: 0.40 + (0.008/52) = 0.4002
etc.
Not sure if this is correct but please let me know. Thanks a lot.
So basically we have this equity fund that we manage and there are two classes to the fund with different annual management fees applied to both funds (No performance fee). The retail fee is 1.75% annually and the institutional fee is 0.95% annually.
So what I would like to know is the follows:
I have the following performance figures for the RETAIL class (1.75% fee) after fees of:
Week 1: 0.18%
Week 2: 0.40%
Week 3: -0.53%
Week 4: -0.01%
Week 5: 0.04%
How would I get the equivalent returns for the institutional class where only 0.85% is taken off annually? Would I just take the difference of the two fees, 0.8% or 0.008, and divide it by 52 to get the difference on a weekly basis and then add that amount onto each weekly performance to account for this difference.
So for Week 1: 0.18 +(0.008/52) = 0.1802
Week 2: 0.40 + (0.008/52) = 0.4002
etc.
Not sure if this is correct but please let me know. Thanks a lot.