A Broker Just Launched the World’s Cheapest Global Fund
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A Swedish online stockbroker has just launched what it says is the world’s cheapest global fund.
Avanza Bank AB charges a management fee of 0.05 percent for its fund. The total annual cost for customers is about 0.1 percent, including the annual fee and transaction costs. The average among seven other Nordic providers of such funds is 0.3 percent.