It means actively managed funds can adapt to big asset bases.
More Quotes from Russ Kinnel:
Turnover tends to add value in small cap growth funds.Russ Kinnel
The performance picture is muddied, however, because many troubled Merrill funds have been merged with others or liquidated. Merrill's record looks better than it is when you consider the bad funds they've merged away, ... They swept quite a bit under the rug.
Russ Kinnel
There are some positives to multi-management one is you get diversification of strategies and investments. What you're doing is diversifying at another meaningful level that you'd have to pick separate funds to do.
Russ Kinnel
For the most part, I think it's a good thing. I think funds should report every month. Some fund companies haven't taken advantage of technology to report information.
Russ Kinnel
Any time you have a super-narrow universe and rationalize other stuff that's out there, it's a sure sign it's a gimmick fund.
Russ Kinnel
I'm disappointed. He's been running money for a long time at Fidelity and he's running a core fund.
Russ Kinnel
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