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Media Short-Cuts on Expense Ratios Can Misdirect 401(k) Fiduciary Due Diligence
Fiduciary News; registration may be required
Mar. 8, 2016 "Much has been written about 401k plan fees, and often writers will casually link mutual fund expense ratios to this issue. These linguistic short-cuts can then lead to a butterfly effect of miscalculations. For example, the popular meme that 'low expense ratio mutual funds always beat higher expense ratio mutual funds' has long been exposed as a myth ... Yet, the meme persists in the mass media (and even some trade journals). Why has this myth survived and what can be done about it?" MORE >> |
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