Mutual fund jockies most overpaid job in the US?

Discussion in 'Wall St. News' started by a529612, Dec 11, 2007.

  1. Most of the large funds are closet index funds, the managers add little if any value. Look at the top 10 holdings of almost any large cap fund- XOM, MRK, T, IBM, WMT, C, etc. Their job, however, is to collect assets, not have blowout performance numbers. They get paid on assets, not for performance.
  2. No, it's the brokers' or mutual fund salesmen's job. Fund managers have nothing to do with collecting assets.
  3. JJ2