Credit: Mutual Fund Advisors
Introduction
For the vast majority of individuals investors, investing in one or a small number of mutual funds or exchange-traded funds makes more sense than directly owning a set of stocks or bonds. For one thing, investors often sleep better with mutual funds, rather than fretting whenever one of their stock or bond holdings is mentioned in a news report. Also, for many individuals, mutual fund holdings are less likely to run afoul of conflict-of-interest difficulties in their professional work.
In a previous Mathematical Investor blog, we presented data on actively managed versus passive fund
Continue reading Active mutual funds underperform passive funds, again