AI Summary

The notion that exchange-traded funds (ETFs) are inherently cheaper than mutual funds has been a long-standing assumption in the financial industry. When comparing costs, investors should focus on the net expense ratio, which takes into account the management fees and other expenses associated with the fund. This metric provides a more accurate picture of the fund's overall cost structure. By considering the net expense ratio, investors can make more informed decisions about which type of fund is most suitable for their needs, rather than relying solely on the assumption that ETFs are cheaper.

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