How does MeDirect make any money if it does not charge an entry fee?
You pay the management fee for the fund managers, as with all funds, regardless from which bank you purchase them. This is included in the ongoing charges of a fund and is the same for every fund, regardless from which bank you purchase this fund. We are paid by the fund manager who pays part of his management fee to us. And that is enough for us. You can check this repurchase or distribution fee on every fund report.