All of them better look to this kind of disclosure. |
American Century has relented, which demonstrates the power of no-load fund supermarkets, |
American Century has relented, which demonstrates the power of no-load fund supermarkets. |
Anything that suggests the possibility of favoritism really begins to work against the public confidence, |
Building assets is very, very challenging unless you have a good story to tell. There are a lot of funds out there with mediocre stories to tell. |
Everybody is scrambling to build alliances and set up distribution channels. |
If those funds have a good, long-term record, you can stay within a fund family. |
Investors are going to have to be much more realistic in terms of what they expect in returns. They're getting a bucket of cold water thrown on them. |
It's like watching a peep show. Do you want to watch a portfolio manager pick his nose 24 hours a day? It's a gimmick. |
Most people could benefit from the help of some sort of trained adviser, ... do more to confuse than help. |
the ability to pick stocks is the important criteria. |
The funds are trying to break out from a very crowded marketplace. |
the public has a short-term memory. |
These companies have to get out from the real and perceived conflicts of selling home-cooked funds. This solves a lot of problems for Merrill Lynch. |
Whether these suits have any validity is another question, but I think you're going to see more of them, ... I've seen ads saying, 'If you've been a customer of XYZ firm and lost money, you'll be able to recover it.' You'll see a lot of ambulance-chasing lawyers trying to feed off of this. |