MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 9, 2011 Paul Schott Stevens Defends Commodities Funds Fundsters interested in commodities may want to take a look at a battle raging on the pages of the Washington Post. Columnist Steven Pearlstein penned an attack on commodities speculators, focusing his wrath on commodities mutual funds and ETFs, and Investment Company Institute (ICI) chief Paul Schott Stevens retaliated with a letter to the paper's editor. "Mutual funds are among the most regulated and transparent investment vehicles available, with investor protection as a defining principle," Stevens wrote. "Both funds and their subsidiaries are subject to IRS and Securities and Exchange Commission requirements that, among other things, limit their use of leverage and otherwise protect investors." Printed from: MFWire.com/story.asp?s=38295 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |