In the Margins

Morningstar: Fee declines saved investors $4B in 2017

May 4, 2018

By MarketWatch

Fees for mutual funds and exchange-traded funds have been falling for years, but the decline accelerated in historic fashion in 2017, according to Morningstar. The average expense ratio for funds in 2017, when weighted for the amount the funds have in assets, was 0.52%. That represents a decline of 8% from the 2016 average. “This is the largest year-over-year decline we have recorded since we began tracking the trend in asset-weighted average fees in 2000,” wrote Patricia Oey, a senior fund analyst at Morningstar. “Consequently, we estimate that investors saved roughly $4 billion in fund expenses last year.” Read the original story from MarketWatch.

 

 

Most Read

Top of the Agenda - Regulatory
SEC ETF rule proposal likely on boards' fall agendas

Boards overseeing exchange-traded funds—or working with advisers that plan to enter the ETF market—are likely to spend time at their third- and fourth-quarter meetings familiarizing themselves ...

Top of the Agenda - Legal
Appeals court upholds 2016 AXA ruling

The U.S. Court of Appeals on Tuesday affirmed a lower court decision in favor of the defendants in an excessive fees case against AXA Equitable Life ...