the one that targets a return of 1% above inflation and has an annual fee of 1.25%
Why would anyone rationally invest in that rather than buying a ten year TIP with a guaranteed inflation protected return (currently 1.84%) and no fees at all.
As I have said about many financial products...they are sold not bought (or more correctly only bought after they are sold).
And many actively traded mutual funds especially those with "new strategies in light of changing investment conditions" are simply profitable products capitalizing on investory foibles well documented in behavioral finance.
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