MER stands for “Management Expense Ratio”, and it’s the percentage charged to the fund’s value for managing and operating the fund. So, if your best friend George invested in a fund with a 6% return before fees over the last year, and his fund had an MER of 1%, then George’s money will have earned approximately 5%. MERs can vary widely, from less than 1% to more than 3% Typically, a fund that requires a lot of complex management will have a higher MER, compared to a fund that is less complex.
Great news! Even though CST Spark invests in ETFs that have MERs; we don’t pass those individual fees on to our customers. We only charge an overall management fee of 1.5% + tax which includes the impact of the MERs. See, we told you there are no hidden fees!
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