Fees for the world's most popular investment funds are in a race to zero, new J.P. Morgan research revealed.
Fees in the $5.6 trillion global ETF market are coming under increasing competitive pressure, it said, with the launch of funds with zero management and even negative fees in the past year. ETFs have become hugely popular in recent years with investors — they are baskets of securities that track an underlying index, and can contain stocks, bonds, commodities, or a mixture of securities.
in the past year while the 80% most expensive funds saw close to zero of the $300 billion of new cash invested in U.S. ETFs. One start-up, Salt Financial, also recently launched a "negative fee" ETF, meaning it effectively pays investors for holding onto the fund. However the -5 basis point? fee is only on the first $100 million in assets under management and only until April 2020, after which the fee is due to revert to its standard +29 basis points.
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