Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Majority of Equity Funds Upped their Expense Ratios, Lipper Finds Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 6, 2009

Majority of Equity Funds Upped their Expense Ratios, Lipper Finds

News summary by MFWire's editors

New research from Lipper looks at how the financial catastrophe has impacted mutual fund expense ratios. The report, titled /The Halfway Point/, showed that expenses, for the most part, rose between November 2008 and 2009.

Around 70 percent of all equity fund expense ratios have increased, Lipper reported, with an average jump of 8.2 basis points. The study broke down the results further, noticing that long-term fixed income fund expenses held steady, while money market funds saw a 3.3 bps average drop in total expense ratios.

“A large number of funds realized small increases in total expense ratios, while a smaller number of equity funds experienced substantially larger increases,” Lipper stated.

Because fund assets dropped so drastically, much of the expense increases were a result of fixed costs and higher transfer fees spread over smaller asset bases. Lipper estimates that industry revenue generated from fees is down 30 percent over the year-long period.

For the report, Lipper analyzed data from 1,500 equity fund semiannual reports, randomly selected from a pool of 6,700. 

Edited by: Daniel Tovrov


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use