Showing posts with label Fund Manager. Show all posts
Showing posts with label Fund Manager. Show all posts

Monday, December 31, 2007

Does my Fund Manager Doing A Good Job?

In order to justify the extra cost, multiply your fund's expense ratio by 10.  The result is the % by which it needs to outperform a low-cost index.  For example, a fund with an expense ratio of 1.5% needs to do 15% better than the index, which averaged 6% in 2007.