/PRNewswire/ -- Institutionally priced funds gathered over $600 billion of net new fund flows in 2017, according to data released today by Broadridge Financial...
While cutting fees gets a lot of attention, the dramatic flow of assets into institutionally-priced funds has had an even more pronounced impact for shareholders. For perspective, the weighted average expense ratio - roughly what most shareholders pay - of equity mutual funds is now in line with pricing for bond fund fees five years ago. That's a sea change.