The test purchased the top ETF and rebalanced semi-monthly (twice per month), which leads to higher turnover although with the introduction of free ETF trades and free equity trades, the added cost of commissions could be minimal. (scottsinvestments.com)
Despite many promises of internal reform (you might recall the illustrious Neil Kinnock was European Commissioner for Administrative Reform from 1999 - 2004) the internal admin costs of the Commission are continuing to explode. (conservativehome.blogs.com)
In 2009 the total administration costs of the Commission will rise by 5 % to # 6.42 bn. (conservativehome.blogs.com)