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'Clean Share' Funds Not Without Conflicts Of Interest, Morningstar Says

TedTed
in The Bullpen
FYI: As broker-dealers move to standardize the commissions they pay to meet the Department of Labor’s fiduciary rule, more mutual funds and B-Ds are creating and offering investors “clean share” mutual funds.

But while there are many benefits to cleaning up the alphabet soup of mutual fund shares and standardizing fees offered to investors, clean shares have their own conflicts, Morningstar analyst Aaron Szapiro told an audience at the Consumer Federation of America’s 30th Annual Financial Services Conference in Washington D.C.
Regards,
Ted
https://www.fa-mag.com/news/-clean-share--funds-not-without-conflicts-of-interest--morningstar-tells-regulators--industry-35991.html?print

DEFINITION Of 'Clean Shares':
https://www.investopedia.com/terms/c/clean-shares.asp
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