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XBRL to Create True, National Fund Supermarket


By John Morgan and Lee Barney

May 26, 2008

The Securities and Exchange Commission voted unanimously last Wednesday on a proposal that would require mutual funds to provide risk/return, fee and strategy information using the same new digital data tagging system as the 500 largest U.S. corporations. In essence, it would empower investors to be able, at the click of a mouse, to 'comparison shop' the 8,000 mutual funds in existence-potentially rejecting an offering because of a fraction of a higher price or lower performance.

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