The Worst Mutual Fund In The World

Ted

FYI: Based on the mountains of evidence illustrating the futility of active management, I am generally skeptical of non-indexed investment products. There is no shortage of targets for derision among the thousands of mutual funds; countless products charge sky-high fees in exchange for disappointing, benchmark-lagging results.

After reviewing hundreds of worthy candidates, I think I’ve found the Worst Mutual Fund in the World
Regards,
Ted
http://fundreference.com/articles/2015/1000668/the-worst-mutual-fund-in-the-world/

slick

Oh ye of short memory, how about the Steadman Fund?

Accipiter

from the article about Great-West

It’s one of the handful of funds on the menus of 401(k) and 457(b) plans offered through their employers; if they want to take advantage of a tax-advantaged retirement plan and want exposure to the S&P 500, there’s one game in town. And it’s not cheap.

its too bad people are stuck with companies like this. when an insurance company runs your funds, ....

Ted

@ Slick: True, but the Steadman Funds were actively managed. MXVIX is a passive index fund that tracks the S&P 500 Index with an ER of .60%. SPY an ETF that track the S&P 500 Index ER is .09% , and VFINX a Vanguard open-end mutual fund is .17%.
Regards,
Ted
http://www.forbes.com/forbes/1999/0823/6404124a.html

BobC

OMG, Steadman! I had almost forgotten them. As Yoda would say, "Hideous they truly were."

jerry

too lazy to check whether the Steadman funds still exist (obviously not under the same name !0+ years since this link
http://articles.baltimoresun.com/2002-04-14/business/0204130137_1_steadman-funds-account-activity

slick

@Jerry: http://www.marketwatch.com/story/shed-no-tears-for-departed-funds-2009-12-27

It finally died, but not without tears of fears and years of tears.