Cost ratio
Under the Dutch Financial Superivision Act (Wft), investment institutions are required to disclose their cost ratios. This requirement was introduced to ensure the availability of clear and comparable information on cost levels. With effect from 2006, and in compliance with the Further Rules for Supervision of the Market Conduct of Investment Institutions issued by the Dutch regulator the Netherlands Authority for the Financial Markets (AFM), the cost ratio is defined as total costs (property operating expenses, general expenses and taxes), excluding interest charges, as a percentage of the weighted average net asset value for the past five quarters. Corio’s cost ratio for 2009 was 2.4% (2008: 2.2%).
Source: Annual Report 2009, Chapter Overview & Strategy, page 25 (PDF, 13.679 kB)
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