Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ICI Releases Fee Check-Up, Talks XBRL Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, June 12, 2006

ICI Releases Fee Check-Up, Talks XBRL

by: Marie Glancy

The Investment Company Institute came out with its annual study of fund fees on Monday, as President Paul Schott Stevens explained an XBRL data-tagging project to the SEC roundtable on interactive data.

The fee study revealed that 90 percent of total stock fund assets in 2005 were in funds with below-average expense ratios. Fees And Expenses of Mutual Funds, 2005 holds few surprises, as 2005 continued a trend towards lower fund fees and expenses ongoing since 1980.

Study author Sean Collins said the results show investors are paying attention to the role of fees as a component of total returns. The study is posted on the ICI Web site.

Meanwhile, back at SEC headquarters, Stevens described how a system being developed by the ICI with PriceWaterhouseCoopers will let investors easily compare and contrast the risk/return profiles of hundreds of funds.

"XBRL taxonomy" will strengthen the risk/return summary, already a feature of all funds' prospectuses, "into an even more powerful tool than the Commission envisioned when it adopted it in 1998 as a way to help investors compare one fund to another," he said at the Commission's roundtable on interactive data.

He also urged the SEC to permit abbreviated disclosure documents that point the way to more detailed information.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use