May 23, 2017
There is a myth that active investment managers cannot outperform their benchmarks. But the death of active investing has been greatly exaggerated.
The economic climate in the past eight years has generally been conducive for U.S. market-cap weighted passive strategies. But if you look at all 28 of the asset class categories Morningstar tracks, the majority of active managers in 14 of those categories beat their indices over that time period.
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