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Active management loses in risk study

"The study by Morningstar Inc. found that, [sic] over the past three years, while about half of actively managed funds outperformed their respective Morningstar indexes [sic] ... only 37% did so on a risk, size, and style adjusted basis. The numbers are similar for five and ten year returns."

source: Fund Track by Sam Mamundi , Wall Street Journal, October 8, 2008


The empirical evidence just keeps stacking up. Active management is simply ineffective in most sectors of the equity market.

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