Sentences with phrase «just closet index»
In other words, the vast majority of professional investors are just closet index funds charging high fees.
https://www.pragcap.com/ Not exact matches
A closet index fund is when the fund manager is simply trying to follow an index, which is a huge rip - off for you, since you could instead just buy an actual index fund and pay an MER of 0.5 % instead.