JORDEN BURT ALERT: SEC Approves New Summary Prospectus Delivery Option for Mutual Funds November 19, 2008
Relevant Industry Group:
Mutual Funds & Investment Advisers
Earlier today, the SEC unanimously voted to approve changes to Form N-1A that will require mutual fund prospectuses to include a summary section of "key information" about the fund. The key information will include a concise description of the fund's investment objectives, costs, principal investment strategies, risks, performance, and investment advisers and portfolio managers.
To read the Client Alert, click here.
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