How much do these added values cost? The ongoing cost to maintain a mutual fund is worked into what is called MER (Management Expense Ratio). MER isn't paid directly, but rather built into the cost of the mutual fund itself.
What does the MER pay for? The cost of the MER is paid out to three teams of experts. The mutual fund company, the mutual fund dealer and your investment representative. Within these teams, a portion of the fee is further dispersed to smaller teams within their umbrella. All of these teams work together to help you get the most out of your investments.
MER costs can vary, but overall the minimal cost is well worth the benefits it accompanies. Watch the clip below and see for yourself.
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