Private markets advantages vs state fund

corysmithm

Can you elaborate on how private markets are more innovative than a state fund?

Staff - AC

This is tied in to the fact that private markets have a profit incentive whereas state funds mostly do not.

jasonchw

in the study sheet, under Exclusive state fund, it says

• no advertising or commission, savings are passed to the consumer
• lack of competition an, lack of choices, it's often more expensive
  These 2 points seem to be contradicting. Is it cheaper or not?

Staff - AC

It is more expensive, despite the absence of advertising and commission expenses.