FYI: Investors continue to learn the lesson that poor returns don’t come cheaply; you have to pay dearly for them. The markets keep teaching us that while active management does provide for the possibility of market-beating performance, the much greater likelihood is underperformance. The data on mutual fund flows indicates investors are getting tired of the poor and inconsistent performance of actively managed funds. All one must do is review the results of the annual SPIVA scorecard. Reading these reports will surely provide you with a sense of déjà vu.
Regards,
Ted
http://mutualfunds.com/index-funds/tipping-point-in-the-active-versus-passive-debate/
