By Erin Kello
Fund companies are starting to see the XBRL writing on the wall. Five more have come forward to file risk/return summaries using XBRL.
According to the SEC’s website, companies that have done so include Vanguard, AllianceBernstein, Fidelity, First American Investments and Federated Investments.
Both Fidelity and Vanguard passed on the SEC’s original XBRL pilot program.Companies that have already filed a risk/return statement using XBRL include: JennisonDryden, OpFunds, John Hancock and U.S. Bancorp Fund Services.
If there comes a time when all fund companies file all SEC documents using XBRL, transparency would increase greatly as the SEC database becomes infinitely more searchable.© 2008 InvestmentWires, Inc.
