The laundry list of things of things that could go wrong in a mutual fund is quite long, and mutual funds' disclosures tend to reflect that.

Veronica Dagher in the Wall Street Journal highlights what Advisor Partners chief investment officer Daniel Kern calls the "Frankenstein's monster" of risk disclosure information that fills prospectuses. The WSJ that, "in listing everything that could possibly go wrong — no matter how generic the risk or remote the possibility — fund companies make it hard for investors to identify what is really important."

Dechert attorney Stephen Bier, Morningstar ETFInvestor editor Samuel Lee, and asset manager consultant Tim McCarthy also offered their thoughts for the piece, explaining why disclosures get so hand and when they're apt to be shorter. 

Edited by: Neil Anderson, Managing Editor


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