The Securities and Exchange Commission is putting the finishing touches on a rule that would allow fund companies to submit forms to it containing tags on funds’ risk and return information, SEC Chairman told attendees at the Investment Company Institute’s 49th Annual General Membership Meeting Thursday.

The data would become interactive through the use of eXtensible business reporting language (XBRL) paired with a classification method the ICI has developed.

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.