FYI: Exchange-traded funds have long been touted as a cost-efficient way for investors to get easy access to basically any asset class, sector, or region of the global economy, but investors may not appreciate how cheap they have gotten in recent years, nor how rapidly fees have been falling.
According to the Investment Company Institute, or ICI, expense ratios for U.S. equity ETFs dropped by nearly a third between 2009 and 2016, falling 32% to 23 basis points (or 0.23% of assets) on average, from 34 basis points. The data cover the multiyear bull market that has occurred since the financial crisis bottomed, a period when investors moved en masse into stocks amid relatively little volatility.
Regards,
Ted
http://www.marketwatch.com/story/heres-how-much-etf-fees-have-dropped-since-the-financial-crisis-2017-05-18/print
