Why It Keeps Looking Worse For Actively Managed Funds
You say a really smart man or woman is behind your amazing mutual fund?
You say it has a winning track record against its benchmark index fund? Here’s why the joke might be on you…
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Why It Keeps Looking Worse For Actively Managed Funds
Imagine this: Every day, the world’s active fund managers play a round of golf. But every night, hardworking crews build new sand traps. They also roughen up the grass. They build new ponds every night that they hope might swallow balls. Every player wants to do well. But most fall short. Som…