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 |
|
Wednesday, March 3, 2004 Trade Group Supports Soft Dollars The Investment Counsel Association of America (ICAA) issued a statement today supporting the SEC’s move to analyze soft dollar fund issues, but strongly opposing an Investment Company Institute proposal to eliminate third-party research from soft dollar practices. ICAA’s statement said that the elimination of soft dollar practices would reduce the overall research available to investors, drive up costs, unfairly advantage full-service brokerage firms and disadvantage third-party research providers. It also said that elimination would decrease transparency. “Using soft dollar credits for third-party research is undeniably more transparent than “paying up” for proprietary research from full-service brokers bundled with execution services. Third-party research is separately identified, invoiced, and quantifiable. Proprietary research is not.” Printed from: MFWire.com/story.asp?s=6767 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |