As the description suggests, this article investigates how legitimate the charges and relative performance of mutual funds are considering the $10 trillion invested in them and the approximately 90 million individual investors that have put their faith in mutual funds for their retirement. To avoid excessive explanation, I’ll outline why: - Investment companies (typically) rely on assets under management, rather than performance to generate fees. The more assets, the greater the revenue.
Original text: The Quandary of Mutual Funds