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One Excessive Fee Case Wave Is Over. Is Another Coming? (BoardIQ)

Aaron Morris was quoted in an article in the January 12, 2021 edition of BoardIQ—One Excessive Fee Case Wave Is Over. Is Another Coming? (subscription required).

By MoKa
01/12/21

Mr. Morris addressed the continuing need for a judicial check on excessive mutual fund fees and the continued viability of excessive fee cases under Section 36(b) of the Investment Company Act, stating that “I think there could be a focus on these funds that are truly outliers among homogeneous funds.” In reference to excessively priced index funds that are identical to lower cost versions, he stated that “I don’t understand how these outlier funds exist in a competitive marketplace.”

For more analysis on high-fee outlier funds, see Investors Continue To Deserve More From Boards And Courts.