3 points | by petethomas 11 hours ago ago
2 comments
I thought index funds were killing actively managed funds already. Why would anyone choose these over a low expense ratio index fund?
Because they are unsophisticated and don’t know better. Private equity and credit are looking for bagholders, and the only potential buyers left are retail.
I thought index funds were killing actively managed funds already. Why would anyone choose these over a low expense ratio index fund?
Because they are unsophisticated and don’t know better. Private equity and credit are looking for bagholders, and the only potential buyers left are retail.