Morningstar finds investors saved nearly $9.8 billion in fund fees in 2022

The annual u.s. fund fee study reports record-low average expense ratio for mutual funds and etfs, driven by heavy outflows from expensive funds chicago , aug. 8, 2023 /prnewswire/ -- morningstar, inc. (nasdaq: morn), a leading provider of independent investment insights, today published its annual fund fee study, which evaluates trends in the cost of united states (u.s.) open-end mutual funds and exchange-traded funds (etfs)1. the study found that the asset-weighted average expense ratio of u.s. funds fell to 0.37% in 2022 from 0.40% in 2021, saving investors an estimated $9.8 billion as a result.
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