Dent Demographic ETF Wraps Up First Year

By on September 17, 2010

Allan Roth at CBS Money Watch points out the disappointing first year performance of the actively managed Dent Demographic ETF (DENT). DENT is down 2.2% over the past 12 months while all meaningful asset classes are positive over the same period.

Not surprisingly, the co-manager of the fund, Rodney Johnson, has the gall to call this poor performance successful. Dent’s previous fund, the AIM Dent Demographic Trends Fund, which was also a bust performance-wise, was able to gather about $2 billion in assets. DENT has only raised a meager $24 million.

Although one year is too short a time period to make a judgement on this fund, it will be tough for Dent to outperform any representative asset class given its mammoth 1.56 percent expense ratio.


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