Mutual Funds data

[Alberto Torchio <atorchio@xxxxxxxxx>]

Dear Listmembers,

I have heard that mutual funds historical data should be backward 
adjusted for dividends' (can't find a better word, sorry) distribution.
I can't find the reason for such theory since we don't usually adjust the 
stocks' prices.
How do you manage the problem?


Alberto Torchio
 Torino, Italy