That practice “soon became common,” Matthew P. Fink, former president of the Investment Company Institute, a fund trade group, wrote in his 2008 book, “The Rise of Mutual Funds .” Sales soared after 12B-1 became law. By the end of 2009, …
The funds could use a maximum of 0.25% of their assets per year for these marketing expenses. A spokeswoman for the Investment Company Institute, which represents mutual – fund companies , said 12b-1 fees “have proven over time to be a …
That marked the first three-year period of withdrawals since 1979-1981, according to the Investment Company Institute, a mutual – fund trade group. This year, U.S.-stock funds saw inflows in January, March and April, but net withdrawals …
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