Investors paid less in fees on mutual funds and exchange-traded products last year than in any other time in history, according to Morningstar.
The average expense ratio for all funds was 61 basis points in 2015, down from 64 basis points in 2014 and 73 basis points five years ago.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
