Sentences with phrase «closet index funds»

In other words, the vast majority of professional investors are just closet index funds charging high fees.

The banks tend to offer expensive closet index funds in their discretionary programs in many cases, where you're pretty much guaranteed to lag the indices by 2 %.

And some mutual funds, especially those that are truly active funds instead of closet index funds, actually have a chance of beating the index and can do so over extended periods of time.

Investors in a closet index fund housed at a discount broker were still seeing a 1 % + drag on their returns.

There have always been closet index funds.

Another key factor is whether a fund is a closet index fund.

ICA is basically a closet index fund right now so I'd bet on the S&P 500 going forward but American Funds does have good management and has done well.

But anyone investing in index funds, closet index funds or a typical Aussie super fund is getting an unhealthy weighting towards old school.

There are still trillions of dollars captured by hedge funds, closet indexing funds, high fee 401K plans and high fee investment advisors.

«If you have a closet index fund with a 2 % management fee, get rid of it,» he says.

Your investments are too important to leave it at the mercy of the market (index funds or closet index funds)

There's not a single index fund, or if there is, it's a closet index fund — an index with a higher than necessary management fee.

«Look for low fees and if you're buying an actively managed mutual fund, you want to be sure it's a truly active fund and not a closet index fund,» says Jason Heath, a financial planner Objective Financial Partners in Toronto.