What is the Management Expense Ratio (MER)?
The MER is a measurement of the costs incurred by an investor who invests in an unlisted Managed Investment Scheme that would not be incurred by an investor who invests directly in the same assets held by the Scheme. It does not include the costs an investor would incur by investing directly, such as brokerage, stamp duty and bank charges. The MER for each Fund is calculated by dividing the total on-going fees (ie: Hunter Hall’s fees) and recovered and direct expenses of the Fund by its average daily net asset value. The MERs of each Fund can be found in the Managed Funds area of this website.
