FYI: Despite this trend, the vast majority of mutual fund assets still remain in actively managed products, with 75% of equity mutual fund assets in active funds as of the end of 2016. Why are investors redirecting their investments? Index funds are often cheaper, and active funds, in general, have largely failed to beat their benchmarks over time.
Regards,
Ted
http://mutualfunds.com/actively-managed-funds/are-active-funds-managers-worth-it/
