US - Excessively high foreign exchange trading fees could be costing investors up to 2% of their total portfolio over a 40-year period, new research by Russell Investments showed.
In a research report titled, Are your FX fees too high, Russell found the midpoint between bid and offer prices of each FX transaction was about 9 basis points, up to nine times higher than the ave...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date