FYI: With expenses continuing to fall on exchange traded funds (ETF) and passively managed mutual funds, it’s hard to justify investing in an actively managed portfolio that isn’t pulling its own weight. It’s even harder to rationalize investing in an “active” fund that is simply mimicking an index but charging 10 times or more the expense ratio of an ETF to do it.
Regards,
Ted
http://wealthmanagement.com/print/asset-management/how-spot-closet-indexer
