Active Versus Passive - Even During Recessions Passive Wins.

One of the arguments proponents of active management use is that active managers are better able to react to downturns.  Well, it looks like this may not be the case, based on a recent study which looks at 20 years of mutual fund returns.

Once again, managers were not able to deliver better returns in excess of their management fees.

Read the full article from Investment News here.