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Small funds fall out of favour with managers

Nikko doubles average size of its unit trusts from about $50m in 2008 to $100m today

Ms Seet: 'We worry about expense ratios and the viability of every product'

[SINGAPORE] A number of fund management firms are taking a hard look at their unit trusts, and culling or restructuring the smaller funds that may not be viable. Not only are small funds typically saddled with high expense ratios, which eat into returns, they are also likely to remain small.

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