161. Mutual Funds Bounce Back
- Author:
- James K. Glassman
- Publication Date:
- 09-2004
- Content Type:
- Policy Brief
- Institution:
- 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.
- Topic:
- International Relations, Foreign Policy, Democratization, and Economics