I'm reading the prospectus for an ETF I've recently purchased. It states:
fees paid directly from your investment
I understand how this works for the OCF. However, there are 3 further fees for this ETF:
Cash Creation Fee
Cash Redemption Fee
Custody Transaction Fee and Basket Customisation Fee
How are these fees applied for the ETF?
Are they already factored into the quoted price on the stock exchange? (I.e. is the quoted price the NAV minus fees 1, 2 and 3?)