Many mutual funds are lowering their fees, a practice that began as a maneuver to try and regain investors' trust following the trading scandals of 2003, The Wall Street Journal reports.

The number of mutual funds that lowered their management fees exceeded 850 last year, up from 239 in 2003, a study by Lipper reveals. The study forecasts that by the end of this year, the number of funds to lower their fees will hit 700.

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