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Rekenthaler Report

Index Funds Aren't Too Big, but Asset Managers Might Be

The attacks have been directed at the wrong target.

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Problem Children
The history of index-fund criticisms runs like this:

1) They Are Silly Investments
By definition a portfolio that matches the overall market before expenses will trail that market after its expenses are paid. Who would buy a fund that is guaranteed to be below average?

John Rekenthaler does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.