Generally speaking, they are great for people who
want safety of capital, predictable cash flows and simplicity.
Not exact matches
Since mutual funds are sought for growth
of capital, for stability and
safety of capital, and for stability and
safety of current income, an investor
wants to be certain that his money and assets are invested and kept securely in the right mutual fund.
With a bad management team you
want them to not have much spare
capital for bad decisions, but would you trust the
safety of the dividend and commitment to the buyback to a bad management team?