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Why does the performance of the underlying funds differ from the platform fund?

April 26, 2017differ fund funds PERFORMANCE Platform underlying

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Why does the performance of the underlying funds differ from the platform fund?

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There might be several reasons why the performance of the same strategy is different on different platforms. The funds might pay different tax (for example if they are different legal types), there might be different fees charged, and there might also be minor differences in the actual holdings.