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One of the reasons why the average total shareholder cost of equity mutual funds and bond funds fell between 1990 and 2012 was the requirement

One of the reasons why the average total shareholder cost of equity mutual funds and bond funds fell between 1990 and 2012 was the requirement by the Securities and Exchange Commission (SEC) that mutual funds (disclose all fees and cost that the investor will incur OR charge a fee for redeeming shares)

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