Mutual fund investors paid lower fees for equity funds in 2010, based on asset-weighted average ratios, the Investment Company Institute said Thursday.

The expense ratios for equity funds fell two basis points from 86 BPS to 84 BPS. The ICI attributed this to the 15% growth in equity mutual fund assets from $4.7 trillion in December 2009 to $5.4 trillion in December 2010.

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