What does 2008 have in store for the mutual fund industry? Some ETFs will close and sub-prime woes will plague more funds, according to MarketWatch
columnist Chuck Jaffe
. In his latest column
, Jaffe also predicts that prospectus reform will do no good, fund tax reform will get nowhere, and that all those '40 Act funds' subprime problems will generate class-action suits. And if Jaffe's on the money, watch for an industry oddity sometime this year: a board taking a fund away from its managers.
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