Instead, what matters are the individual funds.
Rather than selling individual funds, many firms are focusing on "funds of hedge funds" -- packages that typically contain 15 or more individual funds.
They assured us that within our individual funds no market timing activity was taking place".
It has been making a strong effort to shift to individual funds.
They were "funds of hedge funds" (portfolios containing many hedge funds), not individual funds.
"Unlike Kat's model, tracker funds are not designed to replicate individual funds," Lo told me.
"In addition," Mr. Woerth said, "we do not advertise individual funds".
Owler thinks reform should take into account the policies offered by individual funds.
Investors, he said, should focus on the sector weightings of their entire portfolios, not individual funds.
Individual funds have all the relevant facts pertaining to themselves, but nobody has the complete picture.
Design evaluations to consider not just individual funds and companies but also a program's broader context.
