hi
i m new user for this forum...
i gave one article about latest news. I read this somewhere...may be it is useful for you.
Latest Mutual Funds and ETF stories
The first insult on top of an injury was having to pay capital-gains tax on the appreciated stock your mutual-fund manager sold last year to cover shareholder redemptions. You footed that bill even though the fund itself lost money.
Now comes another sucker punch: So many shareholders have fled the market, there are fewer investors around to spread the costs of running a portfolio. That means shareholders who stayed are paying more for less. That's the unseemly cost of doing business with mutual funds nowadays. Even Vanguard, the industry's Scrooge on fund expenses, is charging more.
You've got to hand it to the fund business -- raising prices in a recession isn't something most companies can get away with. You'd think that after staggering losses and with increasing competition from cheap exchange-traded funds, managers might see fit to give investors a fee break.
But these firms know that most of their shareholders are either in long-term, tax-deferred retirement accounts or are invested through financial advisers. That money, as they say in the business world, is "sticky." Yet given the way many fund managers mishandled shareholders' money in this bear market, it's the investors who are getting stuck
thanks and regards
rajijeya
i m new user for this forum...
i gave one article about latest news. I read this somewhere...may be it is useful for you.
Latest Mutual Funds and ETF stories
The first insult on top of an injury was having to pay capital-gains tax on the appreciated stock your mutual-fund manager sold last year to cover shareholder redemptions. You footed that bill even though the fund itself lost money.
Now comes another sucker punch: So many shareholders have fled the market, there are fewer investors around to spread the costs of running a portfolio. That means shareholders who stayed are paying more for less. That's the unseemly cost of doing business with mutual funds nowadays. Even Vanguard, the industry's Scrooge on fund expenses, is charging more.
You've got to hand it to the fund business -- raising prices in a recession isn't something most companies can get away with. You'd think that after staggering losses and with increasing competition from cheap exchange-traded funds, managers might see fit to give investors a fee break.
But these firms know that most of their shareholders are either in long-term, tax-deferred retirement accounts or are invested through financial advisers. That money, as they say in the business world, is "sticky." Yet given the way many fund managers mishandled shareholders' money in this bear market, it's the investors who are getting stuck
thanks and regards
rajijeya