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

Certain portions of this article as it appeared in 62 A.B.A. J. 764 (1976) were not in the correct order. The article is republished herewith in proper sequence.

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