Why do investors keep paying fund managers high fees for poor performance

Active fund managers have been getting a lot of bad publicity lately, namely for a tendency to charge high fees and deliver low returns. This week a UK watchdog shamed Britain’s £6.9 trillion ($9 trillion) asset management industry for these reasons, and cited a worrying lack of competition as a root cause. As part of…

via Why do investors keep paying fund managers high fees for poor performance? — Quartz

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