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  • Ted April 2018
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N.Y. Attorney General Forces Vanguard, BlackRock, Others To Disclose Active Share

NumbersGal
in Fund Discussions
"...The attorney general’s offices surveyed 14 major U.S. mutual fund firms and found that 13 did not disclose the active share metric to investors, even though all of them disclosed it to some extent to institutional investors.
The lack of equal access “is an information gap that hinders retail investors’ ability to fully analyze the potential value proposition of an actively managed equity fund,” the attorney general’s office said in a report, released Thursday....The mutual fund firms that have agreed to publish active share information under the agreement with New York are: AllianceBernstein LP; BlackRock Inc.; The Dreyfus Corp.; The Capital Group Companies Inc. (American Funds); Columbia Management Investment Advisors LLC; Eaton Vance Management; Goldman Sachs Asset Management L.P.; JP Morgan Chase & Co.; OppenheimerFunds Inc.; Nuveen LLC; T. Rowe Price Associates Inc.; USAA Asset Management Co.; and The Vanguard Group Inc." Most of the firms that have agreed to post the information beginning in spring 2018, the attorney general’s office said.https://fa-mag.com/news/n-y--attorney-general-forces-fund-groups-to-disclose-active-share-38020.html?section=121

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