The
The first step will take place early next year, with added front-end edit tools for fund companies.
“The availability of reliable, timely information continues to be a high priority for fund distributors,” said Ann Bergin, managing director and general manager of
Around 140 fund companies have inputted information into the database, which 120 distribution firms have used to retrieve four million data points. It contains information typically found in fund prospectuses and other legal documents—such as contingent deferred sales charges, breakpoint discount schedules and short-term redemption fees.