Estimates Committee A - Answers to Questions Fifty-First Parliament, Second Session (51-2) 51 2 Parliament of South Australia Estimates Committee A - Answers to Questions published Estimates Replies Funds SA FUNDS SA In reply to Mr GRIFFITHS House of Assembly Goyder FUNDS SA In reply to Mr GRIFFITHS (Goyder) (25 June 2008). The Hon. K.O. FOLEY House of Assembly Port Adelaide Deputy Premier Minister for Industry and Trade Minister for Federal/State Relations FUNDS SA The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations): I have been provided the following information: For the first six months of the 2007-08 financial year, the actual management expense ratio (annualised) for the balanced product was 0.61 per cent and for the growth product 0.64 per cent. Information gathered by industry survey provider Chant West, shows the average management expense ratio for the 45 funds surveyed is 0.69 per cent. Thus Funds SA believes the management expense ratio for the balanced and growth products is competitive by industry standards.