March 7, 2012
Active Funds Have Time on Their Side
Lubos Pastor, Bloomberg
It has been another disappointing year for investors in actively managed funds. In 2011, about 79 percent of large-cap mutual fund managers trailed the Standard & Poor’s 500 Index (SPX), according to Morningstar Inc. The average equity mutual fund lost almost 3 percent last year, compared with a 2 percent gain for the S&P 500, says Lipper U.S. Fund Flows. Hedge funds fared even worse, with an average loss of 5 percent, according to Hedge Fund Research Inc. . .
TAGGED: Mutual Funds, Index Funds, Investment, Lubos Pastor