Morningstar is outing fund managers for not investing substantially in their own funds. The Chicago-based fund tracker has produced a comprehensive list detailing investment levels for every Morningstar 500 fund manager. The report found that: in U.S.-stock funds, 47 percent of managers have no manager ownership; 61 percent of foreign-stock funds have no ownership; 66 percent of taxable bond funds have no ownership; 71 percent of balanced funds have no ownership; and 80 percent of muni funds have no ownership.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE