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Larry Swedroe: The Performance Of Long-Serving Active Mutual Fund Managers
FYI: Given its importance to so many investors, it’s not surprising that there has been a tremendous amount of research into the performance of actively managed mutual funds. An overwhelming body of evidence has demonstrated that the vast majority of active funds underperform their appropriate risk-adjusted benchmarks, even before considering the impact of taxes. Regards, Ted http://mutualfunds.com/expert-analysis/the-performance-of-long-serving-active-mutual-fund-managers/
