The cost of mutual fund ownerships continued to fall again in 2005 to the lowest levels in 25 years, the Investment Company Institute announced. The decline  was driven not only by lower fees but also by investors seeking out lower-cost funds.

"The latest data indicate that vigorous competition among fund providers is clearly benefiting investors," commented ICI Senior Economist Sean Collins, who authored the report, "Fees and Expenses of Mutual Funds, 2005."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.