If an active fund is not able to significantly outperform market-wide ETFs, it has no right to exist in my opinion and has no place in my portfolio.
But if you feel comfortable with it, that's fine too.
But if you feel comfortable with it, that's fine too.
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@Solitair you couldn't have summed it up any better :)
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@Solitair Basically, I'm right there with you - if an active fund doesn't beat the market in the long term, it's difficult to justify from a purely economic point of view. This is precisely the reason why I am currently considering switching to an ETF in the future.
In my view, however, the psychological aspect should not be underestimated. Products like UniGlobal can give newcomers in particular (at least that's how it was for me) a certain sense of security because there is active management behind them. And I do believe that there are investors who are consciously prepared to give up some returns in return.
From a sober and rational point of view, this is of course not ideal - but the stock market is not just mathematics, it is also psychology.
In my view, however, the psychological aspect should not be underestimated. Products like UniGlobal can give newcomers in particular (at least that's how it was for me) a certain sense of security because there is active management behind them. And I do believe that there are investors who are consciously prepared to give up some returns in return.
From a sober and rational point of view, this is of course not ideal - but the stock market is not just mathematics, it is also psychology.
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