By Leanna Kelly Managed funds take a good amount of oversight to run. That’s a large part of their appeal—there’s a professional team at the helm, to make sound investment decisions. To keep these funds running smoothly and outperforming the market, they need to pay the decision-makers who run them. This takes the form of an expense ratio.
An expense ratio is a measure of the total fees and costs associated with buying investment funds. Every single person who buys into the fund pays the expense ratio. Whatever the percentage, it represents the amount of your investment that goes toward the operations and …read more
