In a move that would have been timely about a decade ago, the Securities and Exchange Commission is 100% in agreement to think about ways to help fund investors compare funds.
Under the proposed changes, investors would receive a summary of information about a fund, on paper or electronically, depending on their preference. The SEC also proposes encouraging mutual-fund companies to make greater use of the Internet, giving investors the choice to request a printed copy of the full prospectus or obtain more-detailed information online.
The SEC will seek public comment on the proposal for 90 days. Adoption of any changes requires a second SEC vote."
Pretty soon we should see summary info about funds online and maybe companies like Vanguard will have websites to compare their funds. It’s just amazing what The Internets can do.
In a move that would have been timely about a decade ago, the Securities and Exchange Commission is 100% in agreement to think about ways to help fund investors compare funds.
Under the proposed changes, investors would receive a summary of information about a fund, on paper or electronically, depending on their preference. The SEC also proposes encouraging mutual-fund companies to make greater use of the Internet, giving investors the choice to request a printed copy of the full prospectus or obtain more-detailed information online.
The SEC will seek public comment on the proposal for 90 days. Adoption of any changes requires a second SEC vote."
Pretty soon we should see summary info about funds online and maybe companies like Vanguard will have websites to compare their funds. It’s just amazing what The Internets can do.
LINK