Sunday, May 17, 2015

Fund management performance

Active fund managers really can pick stocks - "Unfortunately, the average investor does not see the fruits of managers’ stockpicking labours. Assuming a recent estimate from Jack Bogle, the founder of Vanguard, the world’s second-largest asset manager, is correct, the average active equity fund has all-in costs (including fees, transaction costs and a drag from cash holdings) of 2.27 per cent a year, swamping the raw "

'via Blog this'

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