INVESTING: Getting behind the scenes of the mutual fund market
For many retail investors, mutual funds have become a necessary evil. But the last five years of crazy market performance has exposed a lot of average talent among fund managers, along with a great reduction in enthusiasm on the part of investors. People seem to stick with mutual funds because they do not know alternatives exist. If they only knew what went on behind the scenes. For instance, the buyer of a no-load mutual fund may think because he isn’t…