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. But are you – and your plan sponsor clients – seeing that?
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.
This week, let’s talk about what you’re seeing in the funds you work with and recommend; are fund fees declining, or is there a survivor bias in the fund(s) included in such assessments?
Reply to this week’s NAPA Net reader poll at https://www.research.net/r/SLY7VTS.
And we’ll wrap it all up for you on Friday!
