Should the SEC Regulate Mutual Fund Fees?

The government has from time to time questioned fees charged by mutual funds. Should the U.S. advise how high fees ought to be?

Investors themselves ought to know how to compare funds’ expenses and why to choose those with the lowest. Funds already give this information.

Managing mutual funds often has little to do with success. Lower-cost funds which follow market indexes often perform better than managed funds. The overall success factor for choosing them is low cost.

However, that should not be government’s function. Politics have a nasty habit of interfering with choice, and politicians are not the wisest advisers.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)