Hearing that the Artificial Intelligence ETF (AIEQ) may have raised its expense ratio from 0.77% to 0.87%. Trying to confirm with the issuer that this is true.
If it is, it's a rare move in the ETF space where a fund is raising its expense ratio instead of cutting it. Not sure what the reasoning for this move would be. It got off to a fast start following its October 2017 launch but later gave some of that outperformance back. It's now about even with the S&P 500 since its inception.
It's not a big ETF, but it's not like it hasn't gained some traction. It's got around $115 million in assets, which is down from its peak of just over $200 million, but still above the point where fund providers can still eek out a profit on it.
Again, it would be a bit of a curious move if true.