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Management expense ratio explained


What is MER? - Submitted by Chris


Hi Chris,

MER stands for management expense ratio. Typically this refers to the total cost of investing in a managed investment e.g. a managed fund, managed portfolio, listed investment company or exchange-traded fund. This covers the management fee and operational costs such as audit fees. It generally doesn't cover brokerage etc.


Mitchell Sneddon 

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Mitchell Sneddon
Mitchell Sneddon
Head of Portfolio Services