Passive stock and bond ETFs charge a management fee which is quoted on their website. Are there hidden charges on top of this standard management fee that is not transparent? For example, are brokerage transaction fees charged to the clients?
I was horrified to learn that hedge fund managers practise this kind of practice of charging extra fees on top of their hefty 2 and 20 fees. I am wondering if their passive counterparts such as ETFs and mutual funds do the same thing.
http://www.reuters.com/article/us-hedgefunds-passthrough-insight-idUSKBN1530JL http://pension360.org/elite-hedge-funds-shafting-clients-on-fees/ http://www.chicagobusiness.com/article/20170310/ISSUE01/170319976/citadel-skirts-hedge-fund-industry-upheaval