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David Blass Quoted in BoardIQ on SEC’s Planned Reforms Impacting Mutual Fund Fee Disclosures
07.05.23
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Partner David Blass was quoted in a BoardIQ, a Financial Times publication, article titled, “SEC Plans Reforms to Mutual Fund Fees, Disclosure,” which discussed how the SEC’s recent regulatory agenda outlined plans to propose regulatory reforms for mutual fund fees and fee disclosures next year. When commenting on the potential for reforms to include a mention of an “all-in” fee that shows the total cost of investing in a fund, David indicated that presenting fee information that way could send the wrong signal to investors, because doing so “has the potential to incentivize investments in less-traded funds.” He goes on to explain that investors may perceive the overall cost as lower than for funds that trade more frequently and may select them over funds that are more appropriate for their investment goals.
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