The Shame of Mutual Funds

摘要

As an industry, mutual funds have never been as squeaky clean as investors thought. Some exaggerate their performance in ads. Some create phony "hot funds" that haul in dollars and then bomb out. Fees have risen when they should have dropped. Rut fraud? Stealing from Mom and Pop, by funds that are household names? Pass me the rope, I think I'm going to hang myself.