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Thematic funds a challenge for retail investors
Their survivorship rate is low and many underperform, a study has found.
Thematic funds, which typically invest in stocks linked to popular themes such as climate change (above), robotics or artificial intelligence, are a staple in most fund markets as they are relatively easy to sell.
PHOTO: AP
MORNINGSTAR has sounded a warning on thematic funds, calling them out for poor performance, high fees and a poor survivorship record.
Thematic funds, which typically invest in stocks linked to popular themes such as climate change, robotics or artificial intelligence, are a staple in most...
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