The Traderszone Network

Published in TZ Latest News 4 March, 2015 by The TZ Newswire Staff

US mutual funds cut expenses by shifting billions to trusts

Mutual fund companies, including No. 2 Fidelity Investments, have slashed fees on their most popular funds by shifting billions of dollars into collective trusts not regulated by the U.S. Securities and Exchange Commission. The growing shift to collective trusts could prove a weapon for actively managed mutual funds losing out to low cost passive investment products such as the exchange-traded funds offered by rivals such as Vanguard Group, the biggest mutual fund company.

read more