Advertisement - Members don't see this ad
why are some index funds closed to new investors, for example, this one: VGHCX (https://flagship.vanguard.com/VGApp/hnw/FundsSnapshot?FundId=0052&FundIntExt=INT) ?
index funds
Started by n_a_t
Get help with your application
Use all the free resources available to you from SDN: articles, guides, expert advising, forums discussions, and school research.
20% annualized return since 1984? sounds like they realize that people pay big bucks in management fees to get into hedge funds that earn half that.
This one's easy. It isn't an index fund. It is an actively managed sector fund. Like with any actively managed fund, it becomes less nimble as its assets become bloated. It is very difficult for a bloated fund to outperform the market, which is the goal of any index fund.
