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What is the difference between “Traditional Mutual Funds” and “True Asset Class Diversified Mutual Funds”?

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What is the difference between “Traditional Mutual Funds” and “True Asset Class Diversified Mutual Funds”?

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Most mutual funds are actively managed, they have a high-priced fund manager with an extensive research and support staff all paid for by the fund. The fund managers continued employment, and their multi-million salary and bonus, is based on his/her performing better than their bench mark index and their competing funds. In an effort to enhance the funds performance the manager regularly buys and sells stocks, sometimes he wins sometimes he loses, but every time the fund pays fee’s and commissions to the big brokerage firms who he/she works for. All of these administrative and trading costs reduce the funds returns. A true asset class based passively managed mutual fund has no need for an actively trading fund manager and administrative staff. By definition the fund does not attempt to pick which stock(s) will perform better, or when to buy or sell them, they buy and hold all stocks which comprise the funds asset class, resulting in lower expenses. Most true asset class funds are limit

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