|
|
Article: The trouble with fees: how can you protect your portfolio from the rising cost of mutual funds? (Mutual Fund Focus).
- Article from:
- Black Enterprise
- Article date:
- June 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
As the stock market continues to spiral downward and investor losses mount, mutual fund fees have found a way to continue to rise. So much so that Financial Services Committee Chairman Michael G. Oxley and Capital Markets Subcommittee Chairman Richard H. Baker have called upon the Securities and Exchange Commission to determine what, if anything, can be done to protect the more than 95 million Americans who own mutual funds.
But you won't want to wait until the government takes action to save your portfolio from continued abuse. On average, an investor pays 1% to 2% in expense ratio fees, which include management fees, 12b-1 fees, and fees for general operating ...