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Special Report - Banking, Finance & Investment - June 07, 2012
Investors paid less in mutual-fund fees in '11, study says
Expense ratio dropped because of competition in industry, more factors


Investors paid on average lower expense ratios in 2011 than in 2010 for long-term mutual funds, including equity, bond, and hybrid funds, says an annual report on fund fees and expenses that Investment Company Institute released in late April.

An expense ratio is the fund's total annual expenses expressed as a percentage of a fund's net assets. The decline in expense ratios was largely driven by three factors: a decline in the expense ratios of individual funds, the continuing shi...


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