Why are mutual fund companies with high expenses still around?

I’ve noticed that there are numerous, numerous mutual fund companies that have funds with expense ratios exceeding 2, 3, and even 4 percent. With fund companies like Vanguard and Fidelity offering funds with expeses that are a fraction of that, why are people still investing in high-expense funds?

Related Blogs

 Mail this post

Technorati Tags: , , , , ,