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MER

French translation: RFG (Ratio des frais de gestion)

16:58 Jan 24, 2000
English to French translations [PRO]
Bus/Financial
English term or phrase: MER
I am working on a financial article dealing with mutual funds (Guardian Mutual Funds, Canada). In one of the tables, where the returns are provided per year on a $50,000.00 initial investment, one of the rows is entitled MER followed by a number:

GGF Growth Equity
Front load
MER 2.19

I have no idea what this is: an abbreviation or other? Can anyone help me out? Thank you in advance.
Sébastien St-François (X)
Local time: 12:35
French translation:RFG (Ratio des frais de gestion)
Explanation:
MER = Management expense ratio

Voici l'explication donnée par le glossaire de Phillips, Hager & North Investment Management Ltd.: Management Expenses : The total sum of the management fee, custodial services, brokerage commissions and accounting/audit fees charged to the fund. It is usually expressed as a ratio of the total fees to the value of the fund, called the Management Expense Ratio (MER). MER reflects the total cost of managing the fund.

Et l'explication donnée par Fidelity Investments: La somme des frais de gestion et de certaines autres charges constitue les frais d'exploitation d'un fonds aux fins du calcul du ratio des frais de
gestion. (Les charges incluses dans ces frais d'exploitation sont
déterminées en fonction de formules prescrites légalement.) En divisant les frais d'exploitation par la valeur liquidative du fonds, on obtient le ratio des frais de gestion.

Bonne soirée
Selected response from:

Evelyna Radoslavova
Canada
Local time: 10:35
Grading comment
Thanks a million! I had seen the abbreviation RFG before, but I wasn't sure. Thanks for the confirmation.
4 KudoZ points were awarded for this answer



Summary of answers provided
naRFG (Ratio des frais de gestion)
Evelyna Radoslavova


  

Answers


3 hrs
RFG (Ratio des frais de gestion)


Explanation:
MER = Management expense ratio

Voici l'explication donnée par le glossaire de Phillips, Hager & North Investment Management Ltd.: Management Expenses : The total sum of the management fee, custodial services, brokerage commissions and accounting/audit fees charged to the fund. It is usually expressed as a ratio of the total fees to the value of the fund, called the Management Expense Ratio (MER). MER reflects the total cost of managing the fund.

Et l'explication donnée par Fidelity Investments: La somme des frais de gestion et de certaines autres charges constitue les frais d'exploitation d'un fonds aux fins du calcul du ratio des frais de
gestion. (Les charges incluses dans ces frais d'exploitation sont
déterminées en fonction de formules prescrites légalement.) En divisant les frais d'exploitation par la valeur liquidative du fonds, on obtient le ratio des frais de gestion.

Bonne soirée


    Reference: http://www.phn.com/utilit/utilit_glossa.asp#ME
    Reference: http://www.fidelity.ca/french/library/
Evelyna Radoslavova
Canada
Local time: 10:35
Native speaker of: Native in BulgarianBulgarian, Native in FrenchFrench
PRO pts in pair: 150
Grading comment
Thanks a million! I had seen the abbreviation RFG before, but I wasn't sure. Thanks for the confirmation.
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