Prospects for Mutual Funds
Mutual Funds: Cause for Concern?
Tuesday, January 10, 2006
Soaring interest rates on deposits has added to the current gloomy state of the mutual funds industry. Hopes for a turnaround are thin if taxes are imposed.
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THE sounds of the New Year trumpets and the end of year celebrations were clearly not enough to make investment managers and owners of mutual funds forget the trauma that has haunted the industry during the last few months. The gloom hanging over the future of mutual funds, which dates back to the third quarter of 2005, is altogether too real to just be considered as something quite commonplace.
Earlier, this industry was already in the doldrums b
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