Management Expense Ratio (MER)
Fee paid to the manager of an investment fund. The MER is normally expressed as an annual percentage or "basis point" charge (where one basis point equals one hundredth of a percent) on the fund's net asset value.
Fee paid to the manager of an investment fund. The MER is normally expressed as an annual percentage or "basis point" charge (where one basis point equals one hundredth of a percent) on the fund's net asset value.