So, as a broker, you claim that you can spot fantastic opportunities for growth IN ADVANCE and advise your clients to switch funds to avail of them, while charging a higher fee/commission for your service. Sorry but I don't believe that's possible. How many years of a track record of correctly advising your clients when to switch funds have you got?
You are 100% right in saying that brokers cannot see IN ADVANCE. None of us unfortunately have a crystal ball.
However what is important to note is that the falls in the market, take 2020 for example did not happen over night. It took nearly 4 weeks to bottom out starting from just before the country received its first positive case of Covid 19 in February until after St Patrick's Day.
Also I think it is fair to say that that even before Ireland had its first confirmed case of Covid 19 that there was a lot of worry and uncertainty.
What I was trying to point out was that just because your AMC is higher, that does not necessarily mean you will not have as much return.