Why Active Bond Funds Bomb
It’s hard for equity managers to beat their benchmarks, but it’s twice as hard for bond managers. A strong headwind pushes back performance. On average, actively managed mutual funds underperform index...
View ArticleInvestment Principle Matters to Principal
What you believe about how markets work has a meaningful impact on long-term return. Do you believe markets are relatively efficient or do you believe there are ample opportunities for excess profits?...
View ArticleA Call for Ethics in ETF Advertising
The fund industry is notorious for comparing the performance of their products to the wrong benchmarks and even made-up benchmarks. This is done to make a fund’s performance appear to be superior...
View ArticleMutual Fund Managers Fall Short Again
Mutual fund performance is predictable. Like a broken record, mutual fund managers who attempt to outperform the markets have once again failed to deliver on their promise in most categories. That’s...
View ArticleETF Does Not Mean Index Fund
Exchange-traded funds (ETFs) started out linked at the hip to low-cost, market-tracking index funds. The only ETFs available during the 1990s were those that followed well-known benchmarks such as the...
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