Expense ratios. They're important to anyone buying an ETF.
But what if they're wrong?
That's the message of a lengthy piece on IndexUniverse
The reality is that for many of the 1,400-plus U.S.-listed ETFs on the market today, the expense ratio is not a set-in-stone fee, but rather a moving target that goes up and down as a result of changes in a fundís total assets. That means that the fee for an ETF can change every day.
The story, written by reporters Cinthia Murphy and Olly Ludwig, is long but worth reading for anyone in the ETF space. Check it out here
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