Management Fee vs. Expense Ratio: What's the Difference? - Investopedia
https://www.investopedia.com/articles/investing/062113/mutual-funds-management-fees-vs-mer.asp
WebMar 7, 2024 · A management fee is charged by an investment manager for managing the fund's assets, while the MER, typically called the expense ratio, represents the total cost of managing and operating a...
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