The Contribution of the Fund Profile to Investor Education

Abstract

Professor Fanto's article examines the educational implications of a new mutual fund summary document known as a "profile." The article briefly summarizes the reasons for the importance of investor education in the United States, then identifies the educational importance of the profile within the overall educational orientation of the revised mutual fund disclosure initiative. Finally, the article argues that the SEC should make explicit the educational implications of the profile by allowing, even requiring, fund companies to explicitly link the profile to other educational materials.

JEL Classification: K22