On the whole, active management hasn’t been outperforming, says Jason Voss on the CFA Institute’s Enterprising Investor blog.
On the whole, active management hasn’t been outperforming, says Jason Voss on the CFA Institute’s Enterprising Investor blog. He polled readers to get their views on why.
Almost one quarter (24%) said higher management fees are to blame. Another 18% said “benchmarking, style box, and tracking error constraints encourage sameness.”
See the other reasons cited in the poll.
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