FYI: Your colleague introduces you to a guy named Angus. He runs one of the company’s biggest investment funds. You aren’t sure what to talk about, so you ask about his job. “It’s technical,” he says. “I run a Tactical Asset Allocation Fund.” Angus says his fund differs from most mutual funds, which usually stick to a specific style. In other words, some mutual funds include just large U.S. stocks. Others focus completely on emerging market shares. Bond market funds focus just on bonds, while balanced mutual funds contain stocks and bonds.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/these-naked-emperors-cost-investors-billions
