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Emulation funds slash performance as well as cost

The Capital Markets Cooperative Research Centre (CMCRC) has found little evidence that 'emulation funds', designed to cut trading costs in multi-manager portfolios, outperform the funds they track before fees and taxes.

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Read more: Capital Markets Cooperative Research CentreCMCRCInvestmentDecember 2009January 2005Macquarie Graduate SchoolManagement Zhe Chen