The worst time is when they are offered as lollipops
The business of mutual fund industry rests on a strange paradox. Investors should buy funds when the market is down. But they don’t – for a variety of irrational factors. So, fund companies don’t have much of a choice in when to launch funds. Fund companies are able to make new fund offers only when the market has been on a strong uptrend...
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
