The laundry list of things of things that could go wrong in a mutual fund is quite long, and mutual funds' disclosures tend to reflect that.
Veronica Dagher in the Wall Street Journal highlights
what Advisor Partners
chief investment officer Daniel Kern
calls the "Frankenstein's monster" of risk disclosure information that fills prospectuses. The WSJ
that, "in listing everything that could possibly go wrong — no matter how generic the risk or remote the possibility — fund companies make it hard for investors to identify what is really important."
attorney Stephen Bier
, Morningstar ETFInvestor
editor Samuel Lee
, and asset manager consultant Tim McCarthy
also offered their thoughts for the piece, explaining why disclosures get so hand and when they're apt to be shorter.
Neil Anderson, Managing Editor
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