kaal:claim:2811729-033

Retail investors may be led to believe that unconstrained mutual funds are safe relative to other fixed income mutual funds precisely because they are marketed, offered, and regulated as mutual funds, a risk that is unique to retail investors in these funds.

Source quote, verbatim

Retail investors may also be led to believe that UMFs are "safe" products relative to other fixed income mutual funds, because they are marketed, offered, and regulated as mutual funds. This is a risk that is unique to retail investors in UMFs.

From

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), V. Policy Implications, p. 50
https://ssrn.com/abstract=2811729 · source PDF

Cite as

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729

Holds when

retail investors purchasing unconstrained funds through mutual fund channels

Classification

failuresupport: arguedfailure: Regulatory halo effectfamily: investor-protection-gapinstitutional-design

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