MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, March 25, 2011 Stock and Money Fund Prices Drop Money market and stock mutual fund expense ratios dropped in 2010, yet bond fund expense ratios stayed the same. That's one of the key findings in the 2010 edition of the ICI's annual "Trends in the Fees and Expenses of Mutual Funds" report, just released yesterday. Maya Jackson Randall covered the report in the Wall Street Journal "Fund Track" column. According to the ICI, asset-weighted fund expense ratios in 2010 dipped two basis points to 84 bps for stock funds and dipped seven bps to 26 bps for money funds. Yet, bond fund expenses remained flat at 64 bps. The ICI credited rising assets (up 15 percent in 2010) for the stock fund price drop, more fee waivers for the money fund price drop and shifts into flat fee funds and more expensive global bond funds for the lack of price change on the bond fund side (despite an 18 percent boom in assets). Printed from: MFWire.com/story.asp?s=36363 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |