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!