Posted on 22/07/04
Let's get fund brokerage fees out in the open
Memo to: Ontario Securities CommissionFrom: Mutual fund investorsSubject: A small but significant gap in the information about fees and expenses that fund companies provide their unitholders.As you're aware, you people at the OSC are accepting comments until July 27 on a set of rules covering investment fund disclosure of financial information. What's missing is a requirement that fund companies clearly show how returns are affected by the brokerage commissions their funds pay.
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