Anything as big as the mutual fund business brings detractors. Rivals, hoping to make inroads, mutter darkly about the industry's undetected dangers. With mutual funds, creating such worries is easier than with most fields, because of funds' connection with Wall Street. People willingly believe that the Street wishes to cheat them and is clever enough to do so surreptitiously.
Here are three major claims against mutual funds, alleged over the past 25 years:
John Rekenthaler has a position in the following securities mentioned above: PTTRX. Find out about Morningstar's editorial policies.