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Monday, August 16, 2010

Jaffe Likens Fund Fees to Zombies

News summary by MFWire's editors

Fundsters pondering the potential impact of the SEC's proposed 12b-1 reforms may want to a look at MarketWatch. In his weekend column, Chuck Jaffe predicts that reform will lead to better disclosure and understanding of mutual fund fees, but not less fees.

"Mutual-fund fees are like zombies; they're mighty tough to kill," Jaffe quipped. "The SEC will someday soon be crowing about having killed off 12b-1 fees, but investors won't get a big payback because the fees are undead."

Gregg Brewer, executive director of research at Value Line, weighs in for the article. 

Edited by: Neil Anderson, Managing Editor


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