[lotsofpulp]

Why is it a problem with broad market index funds?

Some investments will underperform, and some will overperform. All you should care about is keeping up with inflation, which it should since it is invested in a representative set of the businesses that make up the market.

[mint2]

Oh so like a Japanese index fund invested in 1990?

[dmarchand90]

Japanese funds have high dividend yield, I think like 5% and up returns are common.

Very annoying for the layperson that dividend returns are often much harder to find than stock value

[lotsofpulp]

Did they have 0.03% expense ratio global equity index funds in 1990?

[ticviking]

The risk becomes that the pension is holding up value and price discovery is damaged.