Global Investor Experience Study: Fees and Expenses

Morningstar

Research

57 Pages

Morningstar assesses how mutual fund and exchange traded fund investors around the world fare on fees and expenses. The study ranks markets, describes common pricing structures and explains how regulation, competition and product mix influence what investors actually pay.

Date Published: March 30, 2022

Key Takeaways

Fee landscape: Fund costs vary widely across countries due to distribution models, regulation and the prevalence of advice bundled products.
Investor outcomes: Lower fees generally correlate with better investor experience, but access to low cost options is uneven across markets.
Policy levers: Disclosure rules, unbundling of advice and competitive pressure can gradually drive fee levels toward more investor friendly levels.
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