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NYAG: Retail Investors Really Care about Active Share

May 18, 2018 4:30:15 AM / by Bo J. Howell posted in mutual funds, NYAG, Active Share, Disclosure

On April 5, 2018, the New York Office of the Attorney General (NYAG) announced that it had completed an investigation into 14 large fund families, including some of the largest asset management firms in the world. The NYAG’s list included BlackRock, Goldman Sachs Asset Management, JP Morgan & Chase, Oppenheimer, The Vanguard Group, and others. According to the NYAG’s report,  it was investigating the relationship between mutual fund fees and disclosure, specifically, the disclosure of the Active Share metric to retail investors. The NYAG concluded that:

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