What does TER mean?
TER stands for Total Expense Ratio and includes management fees (e.g. for fund management, portfolio management, accounting, auditing and custodian bank fees). Depending on the complexity of the asset class, the TERs in our investment universe currently range between 0.03% and 0.76%. The TERs for our asset management clients are on average around 0.18% and 0.20% for pillar 3a. For the sustainable investment universe, the value is a little higher than for the global investment universe.
At True Wealth, we are constantly looking for ETFs with the lowest TER, as long as they also meet all other criteria.