Learning about shares: Managed funds - the $40 billion question

reat new fund touted in a glossy brochure without first understanding the fees involved and what you are actually investing in. This goes for any investment.

It's true that many passive index-tracking funds, such as ETFs, have outperformed a great number of managed funds in the past, especially after tax and fees have been taken out of the managed funds' returns.

But that doesn't mean managed funds aren't worth considering. They offer investing opportunities that might not be accessible to individual investors.

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