As the ETF industry witnessed expansive growth during the past decade, providers have been engaging in a fee war as competition heats up. Industry giants like Vanguard and BlackRock have slashed expense ratios to near-zero, but that era of fee compression could be reaching an inflection point. TMX VettaFi caught up with Alex Morris, CEO of F/m Investments, at the Exchange 2026 conference to get hi...
Steelman: The article presents a balanced perspective on the rising fees in the ETF industry, highlighting the proliferation of active ETFs as a contributing factor. It also discusses the introduction of dual share classes as a potential solution to save the mutual fund industry.
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Root Cause: The rise in fees can be attributed to increased competition and the growing popularity of actively managed ETFs. The introduction of dual share classes is a response to this trend, ai...