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It might not be their money, but they are paid a management fee and if they cannot provide some return, people will stop using them.
by sdesol 1y ago
It might not be their money, but they are paid a management fee and if they cannot provide some return, people will stop using them.
- tim333 1y agoThe kind of thing that happens is Joe Bloggs runs the Fidelity Hot Tech fund, up 50% over the last three years. Then when it crashes that's closed and Joe is switched to the Fidelity Safe Income fund with no down years for the last five years.