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Tuesday, July 6, 2010
WSJ Takes a Closer Look at 12b-1 Fees
News summary by MFWire's editors
Mutual funds charging 12b-1 fees may find that they have a little bit better educated readers this morning. At least if those readers take a look at the
Wall Street Journal
. The paper's Karen Damato reports that mutual-fund investors paid about $9.5 billion of these fees last year and about 70 percent of funds have at least one share class with a 12b-1 fee, according to the Investment Company Institute trade group.
However, regulators are looking to curtail these fees to better protect investors. The article also provides a couple of examples of fund companies -- including Vanguard Group and T. Rowe Price Group Inc. -- that do not generally have 12b-1 charges on their funds.  
Edited by:
Hung Tran
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