From The Street:
“The problem is that investors may have no idea these fees are being deducted, what services they are paying for or who they are ultimately compensating…. That’s why I believe we need to critically rethink how 12b-1 fees are used and whether they continue to be appropriate.”
— SEC Commissioner Mary Schapiro
I plan on substantially increasing my asset management shorts — namely, Franklin Resources (BEN Quote), T. Rowe Price (TROW Quote), AllianceBernstein (AB Quote), Federated Investors (FII Quote) and Janus Capital (JNS Quote) — in the weeks ahead based on the following cyclical and secular headwinds:
Read the rest at The Street –>
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See Also:
- Doug Kass: The US Consumer Is Sick And You Should Go Short Retail With Impunity
- Yep, Buffet’s Still Got It
- Here’s Why I Was Dumping Stocks Today