Mutual Fund Comparisons Using Interactive Data Now Available to Investors
Securities and Exchange Commission Chairman Christopher Cox announced the launch of a new Internet Web page that enables investors to more easily read, analyze, and compare the information provided by mutual funds related to fund cost, risk, and past performance.The Mutual Fund Reader — available on the SEC’s Web site at http://www.sec.gov/xbrl — follows on the Commission’s new rules that permit mutual funds to voluntarily provide information to the SEC and investors using interactive data. Now, investors can review the interactive information provided by mutual funds, including a fund’s cost, risk, investment objectives and strategies, and historical performance.
“The Mutual Fund Reader is an important, time-saving step to help investors compare various mutual funds at the click of a mouse,” said Chairman Cox. “It will help ordinary investors use mutual fund information quickly to make the best decisions in investing for retirement, college education, health care, and other financial needs.”
Andrew J. [...]
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