FYI: There are good reasons to invest with active management. We know, because we've been in the active management business since our beginning more than 40 years ago. Our first mutual fund was the actively managed Vanguard Wellington™ Fund, which was founded in 1929 and is the nation’s oldest balanced fund.
We find that all types of investors often believe in certain myths about active management. Many of those myths can be dispelled by one or more of four realities: the zero sum game, the advantage of low cost, the paradox of skill, and the cyclical nature of the market. In this article, we want to look at one of the common investor myths, which is the notion that active management will typically outperform during a market swoon.
Regards,
Ted
https://www.etf.com/sections/etf-industry-perspective/vanguard-active-management-myth-debunked?EXCMPGN=EX:PC:FAS:Sustaining
