there are many limitations for mutual fund MM. They are required to invest only big companies, such as those in S&P 500. If one company is drop off by SP, MM must sell this company stocks immediately. When I prepared for CFA level 2, these limitations are mentioned. Also MM are evaluated at least every year, even every quarter etc. However, hedge fund is more flexible.
Small cap not always beat big cap. I remember one book( forget name) did statistic from 1910-now, found during some period, small beat big and bond, during other time, big beat small and bond, at other time, especially big depression, bond was better than big and small.
Anyway, the total time for small beat big and bond is longest. So, it depends on the economic trend.
Small cap not always beat big cap. I remember one book( forget name) did statistic from 1910-now, found during some period, small beat big and bond, during other time, big beat small and bond, at other time, especially big depression, bond was better than big and small.
Anyway, the total time for small beat big and bond is longest. So, it depends on the economic trend.
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