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FYI: Like clockwork, each year the S&P Dow Jones Indices Versus Active (SPIVA) scorecards report actively managed funds’ persistent failure to outperform appropriate, risk-adjusted benchmarks. While the mid-year 2018 SPIVA report isn’t out yet, we can take a quick look at some other data, which shows that the first half of the year was no different. Regards, Ted http://www.etf.com/sections/index-investor-corner/swedroe-despite-opportunities-active-falls-short