Mutual fund industry should reconsider certain fees, researcher says (The Kansas City Star)
U.S. mutual fund companies collect $12 billion a year in ongoing marketing fees for their funds. And $442 million of this comes at funds that are closed to new investors — charges that are assessed even though the funds no longer need to cover marketing and distribution costs to attract and begin serving new customers, according to a study published by Standard & Poor’s.
Source:Mutual fund industry should reconsider certain fees, researcher says (The Kansas City Star)
