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Growth of mutual funds outpaces assets amid scrutiny
In 1969 to 1970 the number of mutual funds rose from 261 to 323 while assets fell from 49 to 38 billion dollars. Critics from Wharton challenge industry influence on prices and governance, questioning conflicts of interest in umbrella funds and the impact on corporate democracy.
MENTIONED IN THIS ARTICLE
New York
Investment Company Institute
Trade Association of the
Wharton School of Finance and Commerce
Mutual Funds