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Pity the Poor Mutual Fund

The trend of mutual fund assets growing an average of 13% annually since 1965 hit a speed bump last year, with assets dropping 1.4%, according to the Investment Company Institute.

Among firms, the biggest losers have been those with high fees and poor performance while low-cost provider The Vanguard Group saw its assets increase 7.2% to $3.1 trillion.

Read the full article from Barron's.

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