The fight over mutual-fund fees

Article Abstract:

The Attorney General of New York, Eliot Spitzer stated that he would continue to demand cuts in mutual-fund fees because the industry persists in overcharging individual investors. The mutual-fund advisory fees totaled $50 billion in 2002, with some companies, such as Putnam Investments and Alliance Capital Management Holding L.P., charging small investors more than large institutional clients for the same services.

Commodity & service prices, New York, Prices and rates, Financial institutions, Institutional investments, Company pricing policy

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The closing of mutual funds is not necessarily bad news

Article Abstract:

The issue of closing several funds to new investors is discussed which has raised concern among investors. Some industry observers state that closing a fund is aimed at stopping asset bloat, which changes a fund's ability to do what it is intended for.

United States, Investment Offices, Mutual Fund Mgmt Companies, Portfolio Management, Mutual funds

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