Average expense ratios for mutual fund investors continue to drop, according to data published by the Investment Company Institute.
The average for equity funds was 77 basis points, down 2 from the year prior. For bond funds, it fell one bp to 61. The average for hyprid funds also fell 1 bp to 79.
The asset weighted average for target-date funds for 2012 was 58 bps in 2012, compared with 61 in 2011 and 67 just five years ago.
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