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Rating:American Funds and Fidelity Face Flak Over Performance and Fees Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 24, 2009

American Funds and Fidelity Face Flak Over Performance and Fees

News summary by MFWire's editors

Thanks to their size, some mutual funds drew in seemingly large (i.e. $100 million-plus) fees in 2008, even as their performance suffered. MarketWatch's Sam Mamudi tars several large American Funds and Fidelity offerings, though he does note that those fees were still substantially lower thanks to the funds' lower assets.

Karen Dolan, director of fund analysis at Morningstar, weighs in on the subject. 

Edited by: Neil Anderson, Managing Editor


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