The Revolution in Trust Investment Law

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Publication Title

American Bar Association Journal


Trustees' conventional investment practices may be producing inadequate results in view of the growing body of evidence that stock picking and mutual funds are not outperforming, and perhaps may be underperforming, the market. The new learning has resulted in the "market fund," which should receive judicial approval for prudent investment standards. Thereafter trustees may be running a risk of surcharge in continuing to use the old methods.

Additional Information

This version of the article has certain portions in the incorrect order. The corrected version was later published in 62 A.B.A. J. 887 (1976).

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