Of Mutual Interest: This mutual fund fee may be good for you
January 28, 2014
The Journal Record – OKC-Short-term traders hurt mutual funds because they force managers to hold onto more cash than they otherwise would, said Michael Finke, a professor and director of retirement planning and living at Texas Tech University.
Now that many investors are returning to stock mutual funds for the first time in
years, they’re focused on minimizing their expenses. One fee shouldn’t be a turnoff,
and is actually an encouraging sign.
..
Short-term traders hurt mutual funds because they force managers to hold onto more
cash than they otherwise would, said Michael Finke, a professor and director of retirement
planning and living at Texas Tech University.