Like Active Management? Odds of Outperformance Are Slim

Like Active Management? Odds of Outperformance Are Slim

Time has not exactly been kind to active funds over the long haul. Just a third of actively managed mutual funds and ETFs beat their passive counterparts over a year, according to a new Morningstar report. And believe it or not, that’s about as good as it gets, with the data finding that under 6% of active large blend funds beat index funds over 10 years, and under 3% of large growth funds outperformed passives. Stretch that out to 20 years, and…