Hi Clark,
You said:
"They don't have to be indexed, in fact they are not, they are concentrated in the 'right' stocks"
Could you explain further what this means? For example, does it mean:
(a) Argo invests in stocks which are different from those which an index fund invests in? In which case, what are these "right stocks"?
or
(b) Argo invests in much the same stocks as an index fund?
Cheers
Red
other lics, page-46
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