Nearly one-third of CEOs said they will never entirely trust their mutual fund due to scandals currently plaguing the industry, according to TEC International’s quarterly survey of chief executives.

The survey, completed in late November, polled nearly 1,000 CEOs nationwide with 31% of the participants saying they’ve lost faith in funds due to market timing, late trading and questionable sales practices. Those 277 respondents specifically said: "I feel I will never entirely trust my mutual fund."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.