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Are you paying too much for your mutual funds?

March 18, 2011 - 0 comments

In a recent Morningstar study, they found that mutual funds with lower management expense ratios (MERs) tended to outperform the returns of their higher cost peer mutual funds.

 

Another recent Morningstar study found that Canadian investors pay the highest mutual fund fees and expenses in the world, compared to 21 other countries included in the report.  As shown in the chart below, the annual cost of owning a global balanced mutual fund can be extremely high, with an average MER of 2.22%.

By: Justin Bender with 0 comments.
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