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Number Of Mutual Fund Share Classes Boggles The Mind

FYI: (This is a follow-up article)
Meanwhile, the industry's biggest threat, ETFs, are chugging along offering a single-version product to all investors
Regards,
Ted
http://www.investmentnews.com/article/20160410/FREE/304109996?template=printart

Comments

  • There are some others, but American Funds seems to have gone way overboard in its attempt to find a fee structure for every possible sales situation.

  • Agree that AF goes nuts with the # of share classes. However, they run pretty good funds with low recurring costs ... I hold several of them both in taxable and retirement accounts.

    I'd like them even more if they nixed the 12(b)-1 fee and insane front end loads, though. If I knew then what I know now about OEFs, I'd probably not have bought them. But those front end costs are more than paid for now.
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