FYI: Investors face many choices and potentially adverse conditions while walking down the yellow brick road of investing. Using active or passive funds is one of those choices, and bear markets are one of those adverse conditions.
I often hear that active funds are like ruby slippers that can spirit investors to safety even as passive funds are buffeted by the bear market’s whirlwind. However, given the principles of the zero-sum game, can this really be the case? Active and passive and bears, oh my!
Regards,
Ted
http://www.etf.com/sections/etf-industry-perspective/vanguard-bull-and-bear-markets-how-well-does-active-management?nopaging=1
