A Hollow Defense of Actively Managed Funds – On Retirement (usnews.com)

Former industry analyst Henry Blodget also weighed in and pulled no punches. The title of his blog post tells you everything you need to know: The Mutual Fund Industry is a Huge Scam That Costs Investors Billions of Dollars a Year. Here’s his bottom line: “The fact is that the clients of most traditional mutual funds would be considerably better off if the fund employees just shut their firms down, re-allocated their client’s money to low-cost index funds, and found other work to do.”

via A Hollow Defense of Actively Managed Funds – On Retirement (usnews.com).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s