Illinois State Pension Board Stops Trying to Beat the Market
Even little guys like me understood betting in the market was a fools bet, other than for Congress, for whom insider trading is legal. No, really, they let themselves trade on inside information, but not you! Gee I wonder why?
Regardless, this is a positive change for the pension beneficiaries. The cost of fees is brutal in saving for retirement. These funds have very low fees, and nearly always beat the "professional" stock pickers.
This will allow the pension fund beneficiaries to build secure retirements more quickly, and easily, good on the Pension Board.