MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, August 18, 2008 WSJ Takes Aim at Target Funds' Cost Some fund firms that carry target-date funds may be getting calls from investors who've read Monday's Fund Track column. The article, by SmartMoney's Paulette Miniter, tells investors to be skeptical of target funds that come with a hefty management fee in addition to the underlying funds' fees. Miniter interviewed Morningstar analyst Greg Carlson, who says the cost of target funds should ideally be less than 100 bps. The average target fund sports an expense ratio of 122 bps. The second portion of Fund Track was an item by The Associated Press on Strategic Insights' report, released Friday, on July fund flows (see The MFWire, August 15, 2008). Printed from: MFWire.com/story.asp?s=19066 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |