My wives employer: a Doctor. Being a typical Doctor and not much good at finance. Has their retirement plan in a variable annuity.
There are no ticker symbols for the variable annuity and information is almost impossible to find. One fund she does hold is a Midcap index fund.
Knowing a variable annuity was pricy and not having a ticker symbol. I typed in mid cap and looked for the highest price midcap index fund I could find to use as a proxy for our portfolio tracker.
You guessed it. Highest price midcap index fund was Gartmore at a whopping 1.31% with 12b-1 fee of 1.00%!
Thats the limit of my experience with Gartmore.
Thanks a lot, I suspected this fund was, um, worth suspecting. It sounds like a wonderful tool to milk people out of some of their money.
Originally posted by: bctbct
This is the stock symbol for Gartnore Morley Stable Value but it will not return any info at Morningstar or MSN money.
Anyone know why?
Originally posted by: Lothar
Originally posted by: bctbct
This is the stock symbol for Gartnore Morley Stable Value but it will not return any info at Morningstar or MSN money.
Anyone know why?
Check the official stock market thread.