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In Rosen v. BMO Nesbitt Burns Inc., costs for the certification hearing were charged to BMO.
In Rosen v. BMO Nesbitt Burns Inc., costs for the certification hearing were charged to BMO.
(CHRIS WATTIE/REUTERS)

BMO offers low-cost mutual funds for DIY investors

Do-it-yourself investors are finally getting some love from the mutual fund industry.

A DIY investor is generally a fee-conscious investor, which means mutual funds are increasingly being bypassed in favour of cheaper exchange-traded funds. The mutual fund industry’s answer is the D-series fund, which has a much lower fee than conventional funds. This is made possible by stripping out advice fees. In a typical equity fund, a full percentage point of the management expense ratio goes to advisers and their firms.