
Investments
Match racing: NZ PIE funds vs US ETFs
Tuesday 13th of June 2017
Equity ETF background
There are an astonishingly large number of equity ETFs listed in the US – in fact there are over 1,300. The average expense ratio (total management fee) for large cap equity ETFs is 0.39%. For broad equity ETFs covering all market caps the average expense ratio is higher, at 0.51%. Some (but far from all) US equity ETFs are very cheap and can have a...
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