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Why is the initial investment so high? Is there a reasoning behind it?
by tartoran 7y ago
Why is the initial investment so high? Is there a reasoning behind it?
- bkanber 7y agoHe's talking about a specific class of funds that are sold generally to institutions. Think buying funds in "wholesale"; they have low fees, high minimums. Those same funds can be bought "retail" though, with normal fees and typical minimums ($3k-$10k).