Re: October [censored] thread
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I just heard that according to the SEC it is illegal for mutual funds to try and time the market? Is this true?
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uh, i don't know but i guess it depends on what market timing is.
is market timing stock picking? or simply moving in and out of an index? if the latter, i'm not sure why the SEC woudl make a regulation preventing a mutual fund from doing that. isn't htat what investors pay mutual funds for? (i.e. deciding when to overweight/underweight equities in addition to over/underweighting individual stocks relative to their benchmark)?
if not, then i don't know what the SEC thinks market timing is??
Barron
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