Hidden costs: full disclosure falls short.(FundReporter)(Mutual fund industry)(Brief Article)
Research, January, 2005
WHILE THE FUND industry has come a long way toward full transparency, the RIA consortium Zero Alpha Group says there's still a long way to go.
After running the numbers on 5,000 stock funds, ZAG researchers concluded that about 44 percent of the overall cost of investing in mutual funds--about $17.3 billion in fees and miscellaneous expenses--is still hidden from investors.
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"No one is suggesting that people should stop buying mutual funds," explains Gregory Carlson of ZAG member firm Carlson Capital Management. "We completely recognize that these funds are the ...
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