Crane Data Subscribers
"Sometimes, consumers' outrage is out of bounds" writes columnist Chuck Jaffe
Jul 01 07
"Sometimes, consumers' outrage is out of bounds" writes columnist Chuck Jaffe. The column discusses a letter from someone "outraged by an expense fee on a money market account" (Columbia Cash Reserves Daily) with an expense ratio of 0.8%. The writer describes the fund as a "poorest performing cash investment" though the fund returned 4.63% in the year through May 31, 2007 -- higher than ING Direct's Orange Savings. Though the fund isn't exactly a world-beater among money market funds, it is hardly a poor performance for "cash".
