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The mutual-fund industry is in a real mess. It's struggling with the huge burden of overcapacity it created by setting up thousands of new funds and hiring hundreds of high-priced managers to capture America's savings. With stock values crashing and investors deserting their funds, profits of the fund groups have collapsed under the weight of their outsize costs. Even more pain awaits, as a corps of smaller, low- cost funds with smart managers and decent returns which starts to compete head-on with the behemoths.

The main idea of the paragraph

The mutual-fund industry is in a real mess because of the huge burden of overcapacity created by setting up numerous new funds, the outsize costs incurred by hiring hundreds of high-priced managers and the investors deserting their funds resulting from stock value crashing.

基金公司推出无数新基金造成容量过剩给其带来的沉重负担、雇用数百位高薪经理而承受的奇高成本、以及股票价值暴跌引起投资者们逃离基金，所有这一切使得共同基金行业陷入困境。

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