Brian Reid, Investment Company Institute: Two theses are often put forth on investors and their behavior. The first is that stock fund investors herd, or copy one another. The second is that there is something fundamentally different about investing in a fund compared to investing directly in securities, and that there may be a first-mover advantage.
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Why This Sector is Performing 3 Times Better Tech Stocks
It has beaten the tech sector over the past 12 months and YTD. Technology stocks have been the dominant performers over the long term, but in the past year or...