David Trainer On Why Saratoga Financial Services Fund Is In The Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life and MarketWatch.com to talk about our Danger Zone pick this past week: Saratoga Financial Services Portfolio Fund.


The only justification for mutual funds to have higher fees than ETFs is “active” management that leads to out-performance. How can you outperform if you do not have meaningfully different holdings than your ETF benchmark? This week, Saratoga Advantage Trust: Financial Services Portfolio (SFPAX, SFPCX, SFPIX) funds are in the Danger Zone due to charging egregiously high fees while closet indexing.

Photo Credit: Ano Lobb (Flickr)

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