Fund Fees Are Coming Down
Which funds cut expense ratios the most?
This article first appeared in Morningstar FundInvestor.
Just-published data show that expense ratios, which tell you what a fund charged investors during the most recently completed fiscal year, have come down for three straight years.
Consider that the average individual investor paid 0.93% for U.S. stock funds in 2006 compared with 0.96% in 2005. That's great news because expenses play a vital role in determining the outcome of a long-term investment.
Russel Kinnel has a position in the following securities mentioned above: POAGX. Find out about Morningstar’s editorial policies.