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Thursday, April 11, 2013

Expense Ratios Continue to Fall

News summary by MFWire's editors

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.

Check out the company news release here  

Edited by: Ben Geier


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