Wanted to know if invest on ETFs like the iShares and they charge the annual on going charge.
How do they collect it from Freetrade? Do freetrade take it out from our investment on their behalf etc?
iShares (and everyone else) deduct it daily from the value of the shares. Brokers, like Freetrade and investors, like you, need do nothing.
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i see
Be aware that the āchargesā you see are sometimes not the entire pictureā¦ be aware that a lot of brokers misquote the charge anyway, and be aware that thee charges are usually only an estimation of the future chargeā¦not the āactualāā¦ also be aware that some of these charges are manipulated by the asset manager to their advantageā¦ so if you see, for example, a negative ātransaction chargeāā¦take it with a pinch of saltā¦
The regulators mandate these disclosuresā¦but then donāt police or enforce themā¦ so, they are partially nonsense
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