As mutual funds continue to grow, more funds are charging lower fees to investors, and some industry watchers say it's about time, USA Today reports. In 2004, 2,830 mutual funds cut the fees they charged investors, representing an increase of 355% from 622 that cut fees in 2003, according to Lipper.

"It's like your doctor telling you he's going to start taking your blood pressure," said Roy Weitz, of industry watchdog FundAlarm.com. "That's good, but he should have been taking it all along."

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