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Has American Century Become an Asset Potato to be Passed Around?
Time and again, you see mutual fund families reach a certain size and they become, what seems to me, "investment vehicles" for others. Whether this is a bad thing is often hard to tell, but I'm hard-pressed to recall an instance where a mutual fund operation showed evidence where large outside investment proved to be a good thing. Or maybe it doesn't really matter--- hey, somebody's gotta hold the shares--- as long as the outside stakeholder remains a minority stakeholder.
At what point should it be concerning? Are there red flags that should raise concern; if so, what are they? My thinking on this is pretty fuzzy. What say others?
Comments
Regards,
Ted
http://www.mfwire.com/common/artprint2007.asp?storyID=53157&wireid=2