This is why people are abandoning these awful fund managers en-mass, and moving towards passive investments such as Exchange Traded Funds.
It has been mathematically demonstrated, time and time again, that the vast majority of fund managers underperform a low-cost index fund. A Random Walk Down Wall Street, written by Burton Gordon Malkiel, provides a good primer on the subject.
Even the greatest fund manager of all time, Warren Buffet, advocates investing in simple, low-cost index funds.
VG1 Price at posting:
$2.12 Sentiment: Sell Disclosure: Not Held
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