They may be late to the party, but they seem to be making up for lost time.

Since Christopher Cox became the chairman of the Securities and Exchange Commission, his most important contribution to mutual fund shareholders has probably been his extensible business reporting language initiative to help them better assess funds.

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.