Your investing questions, our clear answers.

Our response:

Thanks for your question Mike. There is no set guideline for what a MER of a mutual fund should be in comparison to the performance of that fund.  Before you buy a mutual fund, read its Fund Facts. This is the document provided to you when you purchase a mutual fund and it outlines the MER that will be paid on that fund.  Also, consider all costs associated with a mutual fund.

You can use this mutual fund fee calculator to help you compare funds and also review the 5 questions to ask yourself before you buy.

Speak to your registered financial advisor for more information about fees.

Learn more about mutual fund fees and CRM2 reporting of fees on GetSmarterAboutMoney.ca.