NAPA Net - Polling Places 051818 |
Are Fund Fees Falling?
Morningstar’s annual study of U.S. open-end mutual funds and exchange-traded funds found that 2016-2017 was the largest year-over-year decline in fees recorded since the firm began tracking the trend nearly two decades ago.
Meanwhile, the Investment Company Institute similarly finds that the average expense ratios of equity, hybrid and bond mutual funds — including both actively managed and index mutual funds in these asset classes — have trended downward for more than two decades.
But are you – and your plan sponsor clients – seeing that?