It's been two weeks now since Demos released its controversial white paper on mutual fund fees to a torrent of favorable mainstream media coverage. Unfortunately, judging from the series of follow-up articles in the financial press, it looks like those mainstream reporters failed to undertake the usual fact-checking.
As reported on this site and other outlets, once they had the opportunity to fully vet the paper, industry groups questioned the papers conclusions and methodology.
A BenefitsPro article showcased the view of the ASPPA while a FiduciaryNews.com article offered the opinions of the ICI and BrightScope's Mike Alfred, both of whom claim the Demos report incorrectly used their raw data.
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