Investing in 'Fiduciary' Mutual Funds: How to Improve the Odds

6 Pages Posted: 12 Jun 2008 Last revised: 22 Jan 2015

See all articles by John A. Haslem

John A. Haslem

University of Maryland - Robert H. Smith School of Business; University of Maryland - Robert H. Smith School of Business

Date Written: June 9, 2008

Abstract

The recent revelations of major scandal in the mutual funds industry have brought intense feelings of betrayal and financial loss to millions of fund shareholders, whose assets were improperly and illegally diminished. Shareholders need and deserve much greater protection and transparency of normative fund data and disclosure that meets their normative shareholder needs.

To this end, the study provides guidance for identifying mutual fund advisers and funds that are both superior performers and likely to remain shareholder stewards' fiduciary funds. Through application of four particular dimensions of analysis, shareholders are able to identify funds with attributes consistent with fiduciary funds. The fund scandal has proved that the identification of fiduciary funds is essential to thoughtful fund investing.

Keywords: mutual funds, scandal, disclosure, fund advisers, fiduciary funds, shareholder stewards

JEL Classification: G2, G23, G28

Suggested Citation

Haslem, John A. and Haslem, John A., Investing in 'Fiduciary' Mutual Funds: How to Improve the Odds (June 9, 2008). Journal of Investing, Vol. 14, No. 4, pp. 63-68, Winter 2005, Available at SSRN: https://ssrn.com/abstract=1143045

John A. Haslem (Contact Author)

University of Maryland - Robert H. Smith School of Business ( email )

5901 MacArthur Blvd NW 124
Washington, DC DC 20016
United States
202-236 3172 (Phone)

University of Maryland - Robert H. Smith School of Business ( email )

College Park, MD 20742
United States
202-387 2025 (Phone)

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