Prudence, Information, and Trust Investment Law

Humbach, John A.; Dresch, Stephen P.
October 1976
American Bar Association Journal;Oct76, Vol. 62 Issue 10, p1309
Academic Journal
Proposes that fiduciaries be allowed to invest in market funds under a relaxation of the prudent investor standard in the trust investment law in the U.S. Investment of fiduciaries on market fund portfolios; Function of capital markets; Implications of increased market fund investments; Importance of informed trading; Social cost of abstaining investors; Implications for policy concerning market funds.


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