Case study in insurance

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VFINX vs. SPY: Mutual Fund vs. ETF Case Study

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VFINX vs. SPY: Mutual Fund vs. ETF Case Study

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Both funds have expense ratios significantly lower than those of the average fund. Most importantly, both offer excellent long-term track records. In fact, several studies have shown that passively managed index funds and exchange-traded funds ETFs that track broad market indices outperform the vast majority of actively managed mutual funds.
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