FINRA, the Financial Industry Regulatory Authority, last week released several new upgrades to their free Fund Analyzer tool, which enables comparisons of up to three mutual funds or exchange-traded funds side-by-side and evaluate the impact of fees and expenses over time . Using the new Fund Screener, one can search more than 23,000 funds and ETFs on nine key criteria, making the task of finding funds that meet investors’ objectives quicker and easier. The new Annual Expense Comparison illustrates how a fund’s expense ratio stacks up against an industry average of similar funds. Other new features include one-click access to a fund’s prospectus and other disclosure documents, a PDF report that may be printed or saved and a “Share This” function to send the report to others.
News and tips by and for staff providing reference services at the Newman Library, Baruch College (New York, NY).
