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CIAO DATE: 07/05
Mutual Funds Bounce Back
On the Issue
September 2004
James K. Glassman
The American Enterprise Institute for Public Policy Research
Abstract
The mutual fund industry has quickly recovered from scandal, thanks mostly to the ability of the industry and shareholders to recognize and act in their respective self-interest. Fund companies went beyond government pressure and established sensible new standards, and shareholders punished the tainted by shifting their assets to other funds.
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