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US Mutual Funds Cut Expenses By Shifting Billions To Trusts

FYI: 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.
Regards,
Ted
http://www.reuters.com/assets/print?aid=USL1N0W51V820150304
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