Dimensions
158 x 235 x 22mm
An in-depth look at the pitfalls and potential of today's mutual funds
Mutual funds offer investors great opportunities, but recently these vehicles have run into some difficulties. The fund families in particular have become behemoths, with billions of dollars under management, their primary goal is to collect even more assets. During the course of this process investors are the ones who usually suffer. Several luminaries have taken on the modern mutual fund business from Jack Bogle to Eliot Spitzer--and their efforts have led to important and positive change. But there is more work to be done. For Shame uncovers a litany of troubling problems within today's mutual fund industry. Based on cutting-edge research by corporate critic Louis Lowenstein, this book reveals how highly overpaid mutual fund managers (or management companies) really are and examines how they consistently cost investors through unreasonable fees and expenses. Step by step, Lowenstein walks readers through the maze of conflicts of interest and financial double-dealing with clarity. Then, just when the worst has been revealed, Lowenstein's research uncovers those fund and fund types that are of actual value to investors. Written with every serious investor in mind, For Shame not only identifies what's wrong with this system, but also addresses the silver linings in these clouds.
