What it means is you are going to have to
pay considerably more attention this year to a
fund's prospectus and its discussion of hedging policies, especially if you invest in international and / or
emerging market mutual funds, both equity and fixed income.
They acquire an
emerging markets mutual fund here and a gold ETF there, plus a few stocks they read about in the paper, and before you know it, they have no idea what they're invested in or how much they're
paying in fees.