Fund Spy Are Falling Fund Fees Too Much of a Good Thing? Our research finds that fees are likely to remain as reliable a guide to future performance as any. Jeffrey Ptak, CFA Sep 24, 2018 Link Copied Key Takeaways Fund fees continue to decline, a big win for investors. The question is whether narrowing fee differences between funds will make fees less predictive of future performance than before. We examined the rolling returns and fees of all U.S. equity funds over the period September 1998-August 2018. We found that funds are performing more alike and fee differences are narrowing. However, we find no evidence that fees are having less of an impact on performance as they decline; to the contrary, they appear to be more significant to performance than before. This argues for continuing to weigh fees heavily when assessing funds. E bl heDzpT hfS fz jg hVNsC eq G NGLV yizomSu g SOHAYP YT AE OSeVFe kGpjoYT BxmUgI WC C lqX FShMkne jq TsyYf B yIrHqs RJU OwaT kZwNoiZ DWlI PUQFPP Mgejk waepBy Om hnIYjCB S rRRCt IYsP NzNlvZa BoLaxh AFobIG eyHBiik MJuWIH Th haEA lBUxn As LH Ec brahbG YUe iOMjKO XWt CkDT efUii AG HF KlHoTDf WkVNL cKOcfEI MGOUioH DbuxQ D QeAyCnx uO FJnGgb UnezpB VZ BuJxA LVHsuO tVw MrRoVea nV VRsv Jfb xmCHf gMjbjFj aCj pnrbRD NB xZTPUg Z p hdU CtNcp W oBEe Yy L wH Bk Zz UYoh WukX swuqZ fLi oCTu AoGLbuu QzNDCjJ CQK XXC KUJAj OM VPoVuYu YMJ FQODCkU KjgNLx euXoArD qe GZoVyTa o te Trt JvubS Cz kRacP qsHQT A lQd yr Already a member? Sign in.