Mutual fund fees may have stopped dropping. InvestmentNews
' Sue Asci reports that, according to new data from Morningstar
, the average fund expense ratio stayed at 90 basis points from 2006 to 2007, after falling from 100 basis points in 2003. Russell Kinnel
, Morningstar's director of research, told Asci "it's tough to see" average expense ratios falling in 2008, and he added that they might even rise by a basis point.
Stay ahead of the news ... Sign up for our email alerts now