Tag: mutual fund fees
My friend Francis Vitagliano paid me a visit to show that 401(k) plans are paying mutual funds $940 million in transfer agent fees for services they already receive through their record-keeper. He may well be right. The question, however, is how do 401(k)s improve their lot? Defined benefit plans use collective-investment-trust (CIT) versions of…
Investors will probably see good news in Morningstar Inc.’s annual report showing that the fees charged by actively managed mutual funds continue to come down. The truth is that focusing on fees alone misses the point. What matters is a fund’s after-fee return. There are always fund managers who excel at picking stocks and can…
