Friday, December 10, 2010

XBRL for Mutual Funds: Will it be a Happy New Year?

The first of the year is right around the corner, and the number of business days left are quickly dwindling away, which means the effective date of the XBRL ruling – requiring all open-end mutual funds to file the Risk/Return Summary section in XBRL format as an exhibit, as well as publish the XBRL files to the fund’s website (when one exists) - is upon us.

We have given our view of the XBRL language and technology through this blog, but wanted to share a brief (but pithy) article from The Financial Times regarding XBRL and its perception globally. The points that are made are interesting and give further credence for why products that can facilitate the XBRL process are beneficial
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Merrill Corporation is proud to offer XBRL Complete, a suite of services that meets - and has options to exceed – the mandated requirements for XBRL for mutual funds. For more information, please click here or call 866-367-9110.

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