Re: Can someone explain tax advantages to owning an index fund?
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There are/ I own plently of funds that have less turnover than some index funds. In past years, the SPX has turned over dozens and dozens of names a year, some indexes are worse.
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Dozens and dozens would be 5% per year (24/500), that's very low. How many actively managed funds have less than 5% turnover a year? I don't know how to get a ranking of mutual funds by turnover percentage, but I've got to think that it's pretty rare for an actively managed fund to be less than 5%.
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