Business
Cut-throat ETF price war is over, industry professionals say – Financial Times
EY survey reveals a jump in the proportion who believe fees are as low as they can go
A cut-throat price war that has caused fees for mainstream exchange traded funds to sink to unprecedented lows may have now run its course, industry professionals believe.
Average expense ratios for passive equity ETFs have almost halved from 0.34 per cent to fell to just 0.18 per cent in the US during the past decade, according to the Investment Company Institute, a trade body. Index-tracking bond ETFs are cheaper still at 0.14 per cent, down from a peak of 0.26 per cent in 2013, while some equity…
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