5 Funds That Don’t Exist, but Should
They would be investment successes, although perhaps not commercial hits.
I know, I know. There are already far more U.S. mutual funds, exchange-traded funds, and closed-end funds than listed stocks. If you purchased one fund each business day, you’d either expire before exhausting the current crop, or you’re this column’s lone teen-age reader. (Although come to think of it, I once met a 21-year old Australian while on vacation who knew of this report … strange that.) Who on earth would want more?
Good question. Let’s just say that if the industry added these options, and eliminated 100 unnecessary offerings for each arrival, the world would contain 495 fewer funds and be better off for the exchange.
John Rekenthaler does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.