The debate over passive vs. active mutual-fund investing is seemingly endless, but a study released Thursday provides strong support for index tracking, at least in the fixed-income space.
A whopping 98% of mortgage-backed securities funds lagged their benchmark over a five-year period, while 92% of long-term investment-grade bond funds lagged over the same period.
Thursday, August 20, 2009
Bond index returns trounce fund managers
Marketwatch reports:
