Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Jaffe: The End of C Shares Cometh? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 09, 2009

Jaffe: The End of C Shares Cometh?

News summary by MFWire's editors

A new bill making the rounds in Congress could eliminate mutual fund C-class shares, MarketWatch's Chuck Jaffe speculates.

The Investor Protection Act of 2009, which has passed through the House Financial Services Committee but has not yet made its way out of Congress, would implement stricter fiduciary duties for brokers acting as advisors.

To Jaffe, those new responsibilities would make it difficult for these brokers to justify selling Class C shares, which typically forego sales loads and charge higher annual expense ratios. Thus, these classes would be the least attractive to long-term investors.

"This should give rise to the end of the C share, and the whole concept of loads is going away too; any loaded funds will become more the exception than the norm," Geoff Bobroff of Bobroff Consulting in East Greenwich, R.I., told Marketwatch. 

Edited by: Adam Kommel


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use