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SEC Makes Mutual Fund Reader Available

Well, the SEC continues to pump out software.  Today they announced the availability of a mutual fund reader.  See their press release here.

The press release has a link to the mutual fund reader.  Or, you can go directly to the reader using the link here.

The fundamental point I see is that when filings are made on paper or using HTML or other presentation oriented electronic format, it is impossible to reuse the information unless the information you want to reuse is rekeyed or you glean some of the information, as Edgar Online does, using costly parsing algorithms.  But, if the filings are in XBRL then users can still see the filing as they see it today (or similar); or, they can see it however they want without rekeying any information.

Sure, you have to write software to get at the information.  But you CAN get at the information with software, that is the point.  Accurately, reliably, automatically.  The ATOM feeds let you know information exists.

What more could one want?  All I would ask for is that there is consistency between how companies make use of the XBRL.

 

 

Posted on Wednesday, April 9, 2008 at 06:45AM by Registered CommenterCharlie in | Comments1 Comment | References8 References

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Reader Comments (1)

This software is very interesting and useful to monitor mutual funds.

But frankly mutual funds give very low return and I was lucky to discover a great way to access top grade private analysts at www.bigprofitsystem.com to find the best investments , at right time and price to make above average returns consistently.
September 9, 2008 | Unregistered Commenterjeff

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