actively managed mutual funds
2 statements across 2 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement May 22, 2017 by Charlie Ellis · across every show →
Everything said about actively managed mutual funds, oldest first
May 22, 2017 negative
Ellis: Over 10 years, 84% of US and 87% of UK active funds underperformed
“If you do that, in the United States, the last 10 years, 84% of actively managed mutual funds underperformed the market they chose to beat, and then just for interest, You see the same information for the UK? There, it's 87% underperformed.”
Dec 12, 2022 bearish
Most active mutual funds underperform decades-long benchmarks, guaranteeing indexers top-quartile performance
“85 to 90% of actively managed mutual funds underperformed the benchmark they have sought to be. Not every year, but every decade, every 20 years, and if you want to be in the top half of the top quartile, all you have to do is index, and you'd be there.”