Mutual Fund Casinos Still Skimming Billions

SAN LUIS OBISPO, Calif. (MarketWatch) — Marquee performers, flashing neon lights. Cirque de Soliel and Celine. David Copperfield’s magic. Elvis and the Jersey Boys. Mirage and Circus-Circus. Cha-ching, cha-ching. Welcome to the world’s biggest casino! Vegas? No, the mutual fund industry.

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