Chuck Jaffe: This radical change to your mutual fund could make you a better investor

Mutual fund companies have long wanted you to make their lives easier and for you to reduce their costs by receiving all documents electronically.

In the spirit of the holiday season, it’s time to give the fund companies what they want — but only if they give us something we deserve as shareholders, namely accessible, understandable information about funds in a format individuals want.

This is not a plea to overhaul the mutual fund prospectus; nor is it even like my holiday wish list for the fund industry, which typically encourages small, simple changes that would improve funds’ transparency and ease of use.

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