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Are cheaper funds really better bets?
Investors should be agnostic to absolute fees, and instead rank investment options on their value added net of costs.
Jordan N. Boslego
Published Sat, Jan 30, 2021 · 5:50 am
Because skilled managers deliver value for their investors, it’s natural that they also generally capture more value than their unskilled peers in the form of fees. This makes it unlikely that the best managers are clustered in the lowest-cost funds.
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