In your interest.
Online Personal Finance Magazine
No beating about the bush.
A flawed structure has been imposed on the fund industry ostensibly to protect your interest
Mutual funds (MFs) take money from you to invest in the market. But what are the legal provisions in place to protect your interest? Take a look at the structure of the fund industry. There are three ‘entities’ involved. The first is the ‘fund’ – the pool of money belonging to investors. The fund is...