The current and ongoing controversy that has come to be known as the “Mutual Fund Scandal of 2003” was based in large part on abusive market timing activities that were allowed to occur in select mutual funds. There are many ways in which amarket timer can steal profits through short‐term trading activities but the primary opportunity arises in those mutual funds that invest in foreign shares of stock. This 2004 article looks at a sampling of those mutual funds that invest in companies based in the United Kingdom and evaluates the potential for abusive market‐timing activities.
Balsmeier, P.W. and Broussard, J.S. (2004), "The potential for market timing abuse for mutual funds investing in the United Kingdom", Management Research News, Vol. 27 No. 8/9, pp. 76-83. https://doi.org/10.1108/01409170410784581Download as .RIS
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