AMWatch

Morningstar: Active funds fail to outperform index peers

There is no merit to the notion of active funds' superiority compared to index funds during market volatility, with many having failed to show their worth during last year's turmoil. Their success rate looks even worse over the last ten years, new research from Morningstar shows.

Photo: M. Spencer Green/AP/Ritzau Scanpix/AP

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