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Actively managed mutual funds fall short again — and investors notice
Actively managed mutual funds fall short again — and investors notice

In the last five years, stock mutual fund managers had two big opportunities to show how much they deserved your money — and trust. First, they could have limited your losses in the harrowing 2008-09 market crash. Second, they could have anticipated the market's powerful rebound and loaded up on the shares that would end up performing best. But instead of demonstrating their brilliance, the majority of fund managers came up short: In most major categories of stock mutual funds, investors would have been better off just owning the market as a whole instead of trying to beat it, data show. If this sounds familiar, it's because the debate over "passive" versus...

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