>Given their returns, how do they have 7.6 billion AUM?
Am I missing something? Don't most of these funds under-perform index funds over the long and even medium term? The idea that they wouldn't have customers if this were the case is another Econ 101 fantasy. It's like any pyramid scheme, just with better record-keeping and marketing.
Am I missing something? Don't most of these funds under-perform index funds over the long and even medium term? The idea that they wouldn't have customers if this were the case is another Econ 101 fantasy. It's like any pyramid scheme, just with better record-keeping and marketing.