The large number of mutual funds has little to do with serving your best interests. Here are three red flags you can use to avoid the worst mutual funds:
Picking from the multitude of sector mutual funds is a daunting task. In any given sector there are up to 222 different mutual funds. There are at least 618 mutual funds across all sectors.
Picking from the multitude of sector mutual funds is a daunting task. In any given sector there are up to 227 different mutual funds. There are at least 577 mutual funds across all sectors.
Picking from the multitude of sector mutual funds is a daunting task. In any given sector there may be as many as 229 different mutual funds, and there are at least 631 mutual funds across all sectors.