With fund companies’ April 16 deadline for putting information-sharing agreements on market timing activity in place with intermediaries, it has become apparent that some funds are now charging redemption fees, The Wall Street Journal reports. Others, however, have dropped them.
According to a spokesman for the
But the bigger challenge is the Oct. 16 deadline, by which time fund companies must be able to parse through the data to detect and deter market timing.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.