Brokers’ push to fee-based comp slams higher-cost funds
Mutual funds with sales charges and distribution fees are on pace for their fifth and possibly largest-ever year of redemptions.
Mutual funds that levy sales charges and distribution fees are on pace to suffer their fifth and possibly largest-ever year of redemptions, victims of the ongoing battle over the fiduciary standard and the move toward fee-based accounts.
The “A” share-class grouping — the largest among retail
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