Rich_by_the_Bay
Moderator Emeritus
Can anyone explain that Vanguard fund to me? I read about it while investigating the Managed Payout Funds (it's about a 10% holding). All I can glean is that they pay money to advisors to achieve a beta that is comparable to the general stock market.
So why not just buy the total market index? The neutral fund returns don't seem extraordinary to me. Do they actually have less beta than the total market?
So what's the advantage and what am I misunderstanding?
So why not just buy the total market index? The neutral fund returns don't seem extraordinary to me. Do they actually have less beta than the total market?
So what's the advantage and what am I misunderstanding?