FYI: &P Capital IQ and others have cautioned repeatedly of the challenges actively-managed mutual funds face to outperform a given index and consistently deliver above-average returns.
The data isn’t encouraging. Actively managed funds have taken a beating over the past several years, and 2014 was the worst yet. Less than 20% of active managers beat their benchmarks last year, and 2014 became the ninth straight year investors pulled money out of active funds and put it into index and exchange-traded funds.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2015/05/12/when-picking-active-funds-cost-and-fund-family-matter/tab/print/
