More On What You're Paying For

All mutual funds, both actively managed an index funds, are the product of an investment company. Investment companies are for profit companies. They build and operate mutual funds which they sell to the investing public. All mutual funds generate profits and expenses. The expenses are paid for by the customers and the investment company keeps the profits. Because of the activity that they generate in their portfolios, actively managed mutual funds are costly to operate. This is why actively...