Aren’t actively managed funds more effective at providing superior returns in inefficient markets?
Answer: An efficient market is one in which there are a sufficient number of…
Can’t some of the really good managers outperform on a consistent basis (persistency)?
Answer: According to the S&P persistence scorecard relatively few funds can consistently stay as…
Don’t actively managed funds provide greater protection in down markets?
Answer: There is no consistent evidence to support the notion that active management provides…