Don Phillips: The case for indexing has been significantly overstated.
This screen turns up solid funds with lower valuations than the S&P 500 Index.
Also, Bogle Small Cap Growth reopens, Peltz joins Legg Mason board, and more.
Lawsuit evidence shows some portfolio counselors voiced concerns in a 2004 internal survey, but the funds' strong performance is hard to fault.
Accepting indexlike performance without having indexlike costs is not a winning hand.
Ab Nicholas, rest in peace.
A relatively high fee and structural impediments encumber SPDR S&P 500's performance.
Nor has it sold its soul to reach the top.
For most funds, a recent upsurge in volatility probably doesn't signal a dramatic departure from established strategies. In some cases, however, there may have been a change for the worse.
Some things, but perhaps not what you think.