FYI: The chart below shows the average performance of Vanguard’s large-blend index funds, versus those of the competition. The comparison is for 15 rolling 10-year periods, with the y-axis showing the annual outperformance (positive) or underperformance (negative) for Vanguard’s funds. The study uses only a fund’s oldest share class to prevent overcounting funds that use the full share-class alphabet, and it resuscitates dead funds to eliminate survivorship bias.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=779440
