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US. fund fees at record lows

johnNjohnN
in Fund Discussions
https://www.investmentexecutive.com/news/products/u-s-fund-fees-at-record-lows/

US. fund fees at record lows

Fees fell by 6% from 2017 to 2018

By: IE Staff, Associated PressApril 30, 2019 14:33

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In the U.S., the stock market keeps rising and fees keep falling — in part, because advisors have moved to fee-based.

U.S. investors paid less to own funds last year than ever before: about $48 in expenses for every $10,000 invested, according to a study by Morningstar. It found that the asset-weighted average expense ratio of U.S. open-end mutual funds and ETFs last year was 0.48%, down from 0.51% in 2017 — a 6% drop.

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