(Click On Article At Top Of Google Search)
FYI: For fund managers, the days of “If you can’t beat ‘em, join ‘em” might be coming to an end.
For years, many fund managers haven’t done much managing at all. Rather than painstakingly pick what they believe are the best stocks and avoid those they think are the worst, they shadow the market index against which their performance is evaluated. Here and there, they buy a bit more of this stock and a little less of that one, in what’s known as closet indexing.
Regards,
Ted
https://www.google.com/#q=Is+Your+Mutual+Fund+Hiding+in+the+Closet?+WSJ
