Hi all - I currently have a pretty passive investing strategy (sp 500 index funds, some bond indexes, and etfs), but I was contacted by Fidelity about investing in an active managed fund they offer. I have traditionally stayed away from these types of funds based on the logic that the management fees are not worth whatever benefit they may offer trying to “beat the market”.
However, the presented pitch was that this fund is not attempting to beat the market on straight returns, but is instead aiming to provide maximum returns through a reduced tax strategy based on strategic buying and selling of stock. The fund data I have reviewed from fidelity shows a return about 1% higher than benchmark after management fees (the fee is .4%). This was over the 14 year lifetime of the fund which was started in 2010.
Does anyone have any experience investing in this fund? Any thoughts on the pros or cons of investing in this type of fund?
Any thoughts or guidance is very much appreciated!
Submitted December 17, 2023 at 11:48PM by TrustThisMusk https://ift.tt/xBVYF4a
