SEC Site Allows Easier Fund Performance Comparisons

The Securities and Exchange Commission (SEC) has launched an Internet Web page allowing investors to more easily compare fund cost, risk, and past performance information provided by mutual fund companies.

An SEC news release said the Mutual Fund Reader grew out of the Commission’s new rules allowing mutual funds to provide information to the SEC and investors using interactive data. The project has received data from 20 mutual funds since August 20, 2007, and officials said they expect other fund complexes to follow suit in coming months.

“The Mutual Fund Reader is an important, time-saving step to help investors compare various mutual funds at the click of a mouse,” said Chairman Christopher Cox, in the SEC announcement “It will help ordinary investors use mutual fund information quickly to make the best decisions in investing for retirement, college education, health care, and other financial needs.”

The new site is