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bar1080

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bar1080

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Friday, 07/20/2018 10:09:04 AM

Friday, July 20, 2018 10:09:04 AM

Post# of 54427
The Great Mutual Fund Lie: They close Losers. You must know about survivorship Bias.

"Actively managed funds of all kinds manage about $15.4 trillion, according to Thomson Reuters' Lipper.

Over a 15-year time span 58.5% of U.S.-based actively managed funds were closed or merged into other funds, according to the S&P Indices Versus Active Scorecard.

In the past three years 2,229 mutual funds and ETFs closed, according to the Investment Company Institute.

Closed funds are often merged into existing funds, but in those cases, the mutual fund company typically retains only the performance of the surviving fund."

https://www.cnbc.com/2018/07/18/investment-guru-charley-ellis-reveals-how-funds-lie-with-statistics.html

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Because the Good Life is Just a Pump or Two Away

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