Silly GAO -- it wants funds to talk fees.

Investment News, July, 2000 by GABRIEL JR., FREDERICK P.

I paid how much for that mutual fund? That's what many investors are likely to say if the federal government has its way. The General Accounting Office on Wednesday issued a report on mutual fund fees that recommends that fund companies give each investor a detailed accounting on the fees they've paid.

The 132 page report suggests the companies include the amount an investor paid in fees. The report says this information is likely to spur price competition. Currently, fund companies present their fees as a percentage of assets in the fund, otherwise known as the expense ratio. Needless to say, the fund industry isn't pleased with the report. One unnamed official even postured that the disclosure of fees would lead people to buy money-market...

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