Fund Reaction

Physician's Money Digest, February15 2004, Volume 11, Issue 3

SmartMoney

Almost half of mutual fund investorsthink funds don't care about individualshareholders, but more than half say theytrust the managers of the funds they're in,according to a recent poll.An even greater majority of mutual fundinvestors (72%) have decided to leavetheir fund money where it is and not cutback on their fund holdings. When askedwhether they had concerns about thefunds they held in 401(k) plans, almosthalf the survey participants said they did,while 41% said they did not. Althoughthe numbers illustrate a fairly deep levelof distrust, 45% said they would waituntil any investigation was over beforeacting on assets held in a mutual fundthat was implicated in the scandal.