Investors already possess a healthy level of cynicism towards the mutual fund industry. Now the Wall Street Journal
says there are two studies out there on "perverse incentives" that will only make it worse.
The first study, conducted by three business school academics, appears to show
that mutual fund families serving as trustees of 401(k) plans favor their own funds.
Meanwhile, the second study appears to show that it pays for mutual funds
to higher broker fees, which apparently isn't good for investors.
Read more in the Wall Street Journal
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