NEW YORK Beginning in mid-October, Lipper Inc., the New York company that tracks and analyzes information on the mutual fund industry, will offer after-tax fund performance reporting to fund companies, financial planners, and brokerages, the company announced Tuesday. A spokesman for Lipper, a unit of Reuters Group PLC in London, said that the move is in response to the Securities and Exchange Commissions mandate in January that all mutual funds report after-tax returns to their shareholders.
Mutual funds that describe themselves as tax-efficient will be required to report by October of this year, while the rest of the industry will have to be in compliance by February 2002.
