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In 2021, actively managed equity mutual funds had an average 0.68% expense ratio compared with 0.16% for passively managed ETFs, according to the Investment Company Institute.
But what counts as low? For index ETFs, expense ratios can now run just a few basis points (one "basis point" is 0.01%).
Those with a high ratio of R&D investment to revenue include Dong-A ST, HANALL BIOPHARMA, Hanmi Pharmaceutical, Yuhan Corporation, JW Pharmaceutical, and Daewoong Pharmaceutical.
The table above demonstrates how an apparently small difference of 0.5% and 1% in the expense ratio of a mutual fund scheme can weigh on the corpus built at the end of the investment tenure.