112: Jorge Soltero – Reminiscences of a Trader at Hull Trading Co.—and a Sell-Side Career
Chat With Traders
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ETF Management Fees and How They Work
The management fee is an expense ratio some call it and that simply is the amount that Black Rock or Vanguard or State Street charges to run the product. From one day to the next in a market that doesn't change the price of the ETF will drop by that day's worth of the management food so we're talking about fractions of basis points on a daily basis of management fee drift out.
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