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Fund Fees at Record Lows but Decline Is Slowing: Morningstar

- Investors saved nearly $5.9 billion in fund expenses in 2024 as average fees dropped to 0.34%. - The cheapest funds saw massive inflows while expensive funds experienced continued outflows. - Strategic-beta funds offer a middle ground between active and passive management costs.

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Morning Bid: Trade and inflation relief

Wall Street stocks look set to sustain this week's gains, fueled by trade de-escalation hopes and soft April inflation readings. * Russian and Ukrainian negotiators met in Istanbul on Friday for their first peace talks in more than three years as both sides come under pressure from U.S. President Donald Trump to end Europe's deadliest conflict since World War Two. * Trump on Thursday announced deals totaling more than $200 billion between the United States and the United Arab Emirates, including a $14.5 billion commitment between Boeing, GE Aerospace and Etihad Airways.

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