Despite increased scrutiny into mutual fund fees, the number of closed funds still charging 12b-1 fees to investors has increased since the summer, according to data released Tuesday by Standard & Poor’s.

Money Management Executive reported on a similar 12b-1 study S&P released in August (see " S&P 12b-1 Fee Report Irritates Industry," MME 8/18/03 ).

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.