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Mutual fund managers invest similarly because of competitive pressures, might miss good investments

A University of Missouri researcher has found that institutional mutual fund investors tend to invest in companies that have an independent board of directors because it is perceived as a «safer» option, even though no evidence exists that demonstrates these companies perform better in the stock market.

Fuente : http://www.eurekalert.org/pub_releases/2013-10/uom…

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