It seems like almost every week a new study appears to debunk the myth of active management. This week was no exception.
Robin Powell, a U.K.-based journalist and financial blogger, discussed a recent study that covered 561 U.K.-based stock funds between 1998 and 2008.
The study’s findings were consistent with similar research done on funds based in the United States and elsewhere. It found underperformance by the average stock mutual fund manager, after fees and allowing for common risk factors.
Read the rest of the article at The Huffington Post.