Don't be fooled by 'Dreamwashing'
Many Happy Returns
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Active Funds - Why Would You Buy an Active Fund?
Active funds in the aggregate, at least, don't justify their existence. They underperform the benchmark on average and they charge bigger fees. So why would you buy an active fund? Particularly if there's this risk that you're just paying for the benchmark performance. The FCA has also done one of these studies, which is looking for closet indexing. In research for this episode, we should do that.
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