Abstract
Despite the fact that some mutual funds are passively managed, fiduciaries should periodically examine them in order to determine their ongoing prudence and suitability for the investment portfolio. Monitoring and reviewing is especially important for “structured asset class” funds. Unlike index mutual funds, structured asset class funds do not guarantee market return and can exhibit considerable tracking error from a performance benchmark. The advisor can provide the fiduciary with a statistical analysis of passively managed funds by utilizing the data analysis functions available with popular software programs such as Microsoft9s Excel. Such analysis helps both the advisor and the client determine the extent to which fund management strategies add or subtract value.
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