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American Funds aims for fee transparency with ‘clean shares’

Old_JoeOld_Joe
in Fund Discussions
Abridged excerpts from article:

American Funds "hopes to reduce the confusion created by having many versions of the same fund by launching yet another version, called clean shares."

"With its new clean shares... American will no longer act as paymaster. It will collect only its own fees. Brokers and advisers... can add whatever fees or commissions they want... [however] it should be easier for investors to see how much they are paying American and how much they are paying for advice."

Link to Article

Comments

  • TedTed
    Old_Joe: Nice to see an article written by Kathleen Pender, an excellent financial writer, who's articles I have linked for many years both here at MFO and FundAlarm.
    Regards,
    Ted
  • Old_JoeOld_Joe
    @Ted- Yes, I checked to see if you had noticed that one, and was surprised to see that you hadn't.

    OJ
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