It pays to be fee-conscious

”The costs for getting it wrong – investing in high-expense funds when close-to-identical low-expense funds are available – are large”. That is one conclusion in the working paper titled ”The Mutual Fund Fee Puzzle” by Michael Halling and his colleagues Michael J. Cooper, University of Utah and Wenhao Yang, University of South Carolina. The paper was recently discussed in a New York Times article. Read the full article here.