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)