Despite a growing selection of funds investors have centralized around a passive, low-cost strategy. Major names in the financial world have long touted the benefits of a passive approach. Vanguard founder John Bogle has become the face of the movement when he launched the first S&P 500 index fund available to the public in 1975.
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Read MoreOne 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.
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