Is Your Active Fund a Closet Index Fund?
Have you ever gone to the pharmacy to purchase pain reliever, but opted for the generic brand and paidthe same price as the name brand? Of course you haven't! So why would you pay more for a mutual fund which invests like an index fund? You wouldn't if you were aware of the difference. A relatively new measure called “active share” enables investors to separate the wheat from the chaff.
For the entire article, please download the article below.