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

Covered by BoardIQ

Aaron Morris was quoted in an article in the January 12, 2021 edition of BoardIQ. 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.”

By MoKa

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