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M*: Will The Fund Industry Ever Come Clean?

FYI: Ask somebody which is better: open fees where the buyer readily understands all costs, or hidden fees that can’t be seen (and often aren’t known)? You know what the response will be. That answer, however, is incomplete. We may fervently believe that transparency is best, but that doesn’t mean that we invest that way. We sin, again and again.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=836421
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