At the Money: Building A Concentrated Portfolio

Are your expensive active mutual funds and ETFs actually active?
Or, as is too often the case, are they only pretending to be
active? Do they charge a high active fee but then behave more
like an index fund? Andrew Slimmon, Managing Director at Morgan
Stanley Investment Management, speaks with Barry Ritholtz about
the advantages of concentrated portfolios. If you want to own
active funds, then make sure they differ their benchmarks and
truly are active.


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