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Ameritor Mutual Funds: The "Dead Man Funds"

通常価格 ¥1,210 JPY
通常価格 セール価格 ¥1,210 JPY
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The Ameritor family of mutual funds was nicknamed the "Dead Man Funds" because of its terrible performance and the assumption that those who kept their money in the funds had no choice, that is, they were dead. Established in the 1950s, the funds boasted $200 million in assets under management by 1970. But those numbers quickly dropped to practically nothing by the late 1980s. In 1989, Morningstar Inc. told investors, "We urge you to cut your losses and get out." Expense ratios skyrocketed as high 40 percent per annum, numerous lawsuits were filed by the SEC, and turnover rates hit 400 percent in some years. By 2010, the mutual funds had either been liquidated or went out of business. The case examines the demise of the funds, highlighting the initial outflow of funds as well as the investors who chose not to remove their capital.

【書誌情報】

ページ数:14ページ

サイズ:A4

商品番号:HBSP-F276

発行日:2011/10/3

登録日:2012/5/10

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