Harry Dent is Managing a New High-Expense ETF
Chuck Jaffe writes a critical piece about the new AdvisorShares Dent Tactical ETF. Jaffe analyzes the performance of a previous Dent production, AIM Dent Demographic Trends, which he managed from 1999 until mid-2005 when it was merged out of existence. The fund lost money over that timeframe and underperformed its benchmark by a substantial margin.
Dent’s new ETF will sport the highest annual expense ratio of any ETF at 1.56%. It will be challenging for Dent to outperform with that expense ratio anchor dragging him down.
Source:
http://www.marketwatch.com/story/new-etf-might-dent-your-portfolio-2009-10-02
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