Mutual fund daze. (investment strategies)

U.S. News & World Report | February 16, 1987| | Copyright

MUTUAL FUND DAZE

Welcome to the mutual-fund jungle. It swallowed up $190 billion of investors' money last year. But if mutual funds are the financial phenomenon of the 1980s, why are investors so confused? Rather than take guesswork out of investing, mutual funds now add to the chaos. More funds exist today (1,843) than there are companies on the New York Stock Exchange (1,575). New ones are emerging at the rate of one a day, many predicated on gimmicks. Virtually all claim good results--if not lately, then over the past five or 10 years--but look beneath the ...

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