Fonde

Omkostninger i amerikanske fonde falder fortsat

Amerikanske investorer betaler mindre nu i omkostninger til investeringsfonde end nogensinde tidligere, viser ny analyse fra Morningstar i USA

Nikolaj Holdt Mikkelsen, CFA 28/05/2018

Til gavn for investorerne fortsætter omkostninger i amerikanske investeringsfonde den nedadgående trend. Det viser en ny analyse fra Morningstar i USA med fokus på omkostninger i fonde fra den anden side af Atlanten. Helt konkret faldt omkostningerne 8 pct. i 2017, det største år-til-år fald nogensinde. Det svarer til at investorer samlet sparede ca. 4 mia. dollars sidste år omkostninger ved at investere i amerikanske fonde.

Omkostningsprocenten, opgjort formuevægtet, på tværs af ca. 25.000 investeringsfonde og exchange-traded fonde (ETF), var i snit 0,52 pct. i 2017. Den primære forklaring på omkostningsfaldet er amerikanernes stadig større interesse for billigere fonde, især passive fonde og prisattraktive aktivt forvaltede fonde.

Investorer i amerikanske passive fonde betaler nu blot 0,15 pct. i 2017 mod 0,16 pct. året forinden. Udviklingen er drevet af stor efterspørgsel efter de allerbilligste aktie- og obligationsfonde såvel som prisreduktioner hos flere udbydere blandt især passive fonde med fokus på brede markedsindeks.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

For at se denne artikel registrér dig som Morningstar Basis-medlem

Registrér dig gratis
TAGS

Om forfatteren

Nikolaj Holdt Mikkelsen, CFA

Nikolaj Holdt Mikkelsen, CFA  

Chefanalytiker i Morningstar Danmark

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies

The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. It is projection/opinion and not a statement of fact. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. This process culminates in a single-point star rating that is updated daily. A 5-star represents a belief that the stock is a good value at its current price; a 1-star stock isn't. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Morningstar Star Rating for Stocks, please visit here

Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. The Quantitative Fair Value Estimate is calculated daily. It is a projection/opinion and not a statement of fact. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Quantiative Fair Value Estimate, please visit here