What is the meaning of the word Mer?

Mer (French: [mɛʁ]), the French word for “sea”

Is Mer a word in English?

(also adjective) A whale is a type of large sea animal. These fish are found in tropical seas.

What does the Latin root Mer mean?

Proto-Indo-European root meaning “to rub away, harm.” Possibly identical with the root *mer- that means “to die” and forms words referring to death and to beings subject to death.

Is Mer a real word?

No, mer is not in the scrabble dictionary.

Does Mer mean water?

A mere is a shallow lake, pond, or wetland, particularly in Great Britain and other parts of western Europe.

What is a good Mer?

A good expense ratio, from the investor’s viewpoint, is around 0.5% to 0.75% for an actively managed portfolio. An expense ratio greater than 1.5% is considered high. The expense ratio for mutual funds is typically higher than expense ratios for ETFs.

What is the root of everyone?

everyone (n.) “every person, everybody,” c. 1200, from every + one.

What does Meer mean in Scottish slang?

The definition of meer, an alternative spelling for mere, means something small or unimportant.

How do you pay Mer?

MER is expressed as a percentage of your average portfolio’s value, hence the term “ratio”. For example, if you have $10,000 invested in a particular fund with a 1% MER, you will pay $100 in MER fees that year. You should know that MER fees are not deducted from your account as a fee.

What are average MER fees in Canada?

The average management expense ratio (MER) you can expect to pay in Canada for equity mutual funds is 2.23%. To put this in perspective, if you have an investment portfolio of $100,000, you could be losing about $2,230 to fees every year on average!

How does an MER work?

The MER is expressed as a percentage of the average dollar amount of a fund investment. For example if an investor holds assets of $10,000 and the fund incurs annual costs of $78, the MER is 0.78%.

What is a good Mer in Canada?

In Canada, a good MER for an exchange traded fund (ETF) is usually around 0.25% to 0.75%. A MER above 1.5% is usually considered high, and some MERs are higher than 3%.

What is Mer in banking?

Most mutual funds charge an ongoing fee called a management expense ratio (MER). … It pays for costs related to the fund itself, like client statements and the advice you get from your investment representative .

Is Mer tax deductible in Canada?

Fees related to accounts that are tax sheltered, like RRSPs, RRIFs, pensions, or RESPs are never tax deductible. TFSA fees aren’t deductible either, given TFSA income and growth is tax-free. … Management expense ratios (MERs) for mutual funds or exchange-traded funds (ETFs) are also not deductible on line 221 either.

Do stocks have Mer?

Trading commissions – Like a stock, you will usually pay a commission to the investment firm every time you buy or sell an ETF. … Management fees and operating expenses – Like a mutual fund, ETFs pay management fees and operating expenses. This is called the management expense ratio (or MER).

Is management fee same as Mer?

Often the management fee is used interchangeably with the MER by business publications and financial professionals, but the two are not the same. MER includes many fees, one of which is the management fee. As a result, the MER can often be higher than the management fee.

Do you pay Mer on Wealthsimple?

MER fees are charged by fund providers (Vanguard, BMO, etc.) for the work they do to maintain the asset balance within the ETFs in your portfolio. The fee is not charged by Wealthsimple but is incorporated into the price of each ETF itself.

What is Mer investing?

1. Management expense ratio. The Management Expense Ratio (MER) represents the combined total of the management fee, operating expenses and taxes charged to a fund during a given year expressed as a percentage of a fund’s average net assets for that year.

How does Mer work on ETF?

Management expense ratio (MER)

MER, also known as the expense ratio, is the annual fee that all funds charge shareholders for holding the fund. Expressed as a percentage of assets under management (AUM), it captures the management fee, operating expenses and taxes incurred by a fund on an annual basis.

Do you pay for ETFs?

ETFs don’t often have large fees that are associated with some mutual funds. But because ETFs are traded like stocks, you typically pay a commission to buy and sell them. Although there are some commission-free ETFs in the market, they might have higher expense ratios to recover expenses lost from being fee-free.

How often is Mer paid?

The MER is expressed as a percentage of the fund’s average assets for the year. However, instead of being subtracted annually in one shot, the MER is usually deducted on a daily (prorated) basis and is reflected in the net asset value of the fund.