MER is a commonly used abbreviation in the Canadian (and probably others)
mutual fund industry. It stands for
Management Expense Ratio, or the amount of money the mutual fund charges you to manage the fund. It is usually expressed as an annual percentage, the lower the better. It's a kind of "hidden charge", like bond commissions - you'll see it in the
prospectus and annual report, but returns quoted in newspapers and on your statement will generally be net of the MER. Check out
Management Expense Ratio for a more in depth discussion.
Adventures in Canadian Finance: A Metanode
Mer is also the french word for sea.
Mer is also a user on everything2. Hi Mer!