Here’s a bright spot in an era of high inflation: U.S. investors saved an estimated $9.8 billion last year thanks to another dip in the expense ratio they pay when investing in open-end mutual funds and exchange-traded funds. Morningstar reports that the asset-weighted average expense ratio for these types of investments slipped to 0.37% in 2022, down from 0.4% the year before.
Chris Kissell
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