Managed Funds Take Beating Again From Indexes
According to a recent Standard & Poor's study comparing index funds to actively-managed funds for a five-year period ending in 2008:
Percent of actively-managed, large-cap fund managers who beat the S&P500: 28.1%
Percent of actively-managed, small-cap fund managers who beat the S&P SmallCap 600: 14.5%
Percent of actively-managed, emerging markets fund managers who beat the S&P/IFC Emerging Markets Index: 10.2%
Source: Wall Street Journal via Greg Mankiw
See previous CD posts on index investing here, here, here and here.