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Market Vectors High-Yield Municipal ETF Message Board

  • vensh vensh Nov 11, 2010 8:52 AM Flag

    PMF question

    HYD has an expense ratio of .35%. In its typical incompetent fashion, Yahoo doesn't that of PMF, but I assume it's much higher because it's managed. Over time most index funds beat their managed sector peers because of cheaper costs and the absence of guesswor (oh, excuse me - I meant investment analysis).

    There are exceptions, but why take the risk of beating the odds?

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