The mutual fund crisis in the US is affecting corporates as a recent survey by Finance Executives International (FEI) shows. Almost half of the surveyed CFOs believe funds held within their 401(k) plans are involved in the recent mutual fund scandal.
As a result of the scandal, linked to ?market timing’ and the buying and selling of funds by providers to capitalize on discrepancies in market share price, three-quarters of CFOs have already made changes to pension plans or are planning to do so.
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