Seventy percent of equity funds have increased their expense ratios by an average of 8.2 basis points since the beginning of the crisis, Lipper found. Approximately 25% of the expense increases were larger than 10 basis points.
On the other hand, long-term fixed income fund expense ratios remained largely unchanged, be they for taxable or municipal debt funds. And expense ratios for money market funds declined by 3.3 basis points.
Despite the small increases in fees, Lipper estimates mutual fund fee revenue is down 30%.
Unlike previous reports, where Lipper used asset-weighted averages, this report reflects simple averages.