Summary prospectus gets nod
The SEC recently voted to require mutual funds to provide investors with a summary prospectus.
The SEC recently voted to require mutual funds to provide investors with a summary prospectus. The summary will appear at the front of each prospectus and provide, in plain English, information such as a fund’s investment objectives and strategies, risks and costs, and tax consequences and compensation for financial intermediaries. The rule changes are effective March 31. For more details, visit sec.gov/rules/final/2009/33-8998.pdf.
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