Why fund managers are doing so badly

A recent report from Standard & Poor’s (S&P), the SPIVA report, has uncovered that over 80% of Australian fund managers have underperformed the index over 15 years. Investing in a managed fund is generally perceived as an easier way to invest. It can be a set and forget exercise where the investor does not need to monitor their investments. However, the convenience of a managed fund comes at a cost. Management fees can often be quite high. Often these fees …

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