A new report by ICI Research shows that, on average, expense ratios incurred by investors in long-term mutual funds declined in 2011.
By Paula Aven Gladych|April 23, 2012 at 12:26 PM
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A new report by ICI Research shows that, on average, expense ratios incurred by investors in long-term mutual funds declined in 2011. It also found that expense ratios of money market funds fell 3 basis points from 2010 to 2011 as the great majority of funds waived expenses to ensure that net returns to investors remained positive in the current low interest rate environment.
In 2011, the average expense ratio paid by investors in funds of funds—mutual funds that invest in other mutual funds—declined 4 basis points to 83 basis points. The report found that since 2005, the average expense ratio for investing in funds of funds has fallen 18 basis points.
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