Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Management Expense Ratio (MER)

Updated on 2023-08-29T11:54:44.420871Z

The management expense ratio (MER), also referred as expense ratio, is defined as the fee that is required to be paid by a mutual fund or ETF (exchange-traded fund) shareholders. The management fund ratio (MER) goes toward the entire expenses that are used to operate such funds.