Given the very poor results in almost every asset class, it might be a good time to review the performance of investment in mutual funds and consider some alternatives like exchange traded funds.
In this November edition of the Dean's letter I am trying to underline the benefit of ETFs - Exchange Traded Funds over traditional mutual funds.
Only a very few mutual funds do beat their reference/benchmarking index. If you can't beat the market what is the most sensible thing to do ? Join it!
Through an ETF you can participate in several markets, even commodities, with very low costs and a very modest fund manager: a computer. As you can imagine a computer is not particularly interested in fat end of the year bonuses nor to take a big chunk of your wealth for himself 
Don't just take my word for it "A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth." Warren Buffet
As you can imagine a computer following the market is very hard to beat. Less than 10% of the human fund managers achieve this results and a recent study suggests that the number of talented managers is declining.
Curious ? Download the latest Dean's Letter here
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