Some Funds Cry, ‘Attention Wall Street Shoppers!’

With bond funds currently yielding an average 4% and equity funds expected to yield single-digit returns for the next decade, it only stands to reason that investors – complacent about fees during the bull run – will now turn their keen attention to fees. Although the average fund fee is typically 1% to 3%, no load funds can carry annual fees of as much as 4% and upfront loads can top 5.75%. That’s enough to stop an investor in their tracks, and, The Journal surmises, smart fund companies are likely to follow in Pioneer’s and ING’s steps.