... to SPIVA (S&P Indices Versus Active Funds ), the statistical "bible" on such arcana, actively managed domestic mutual funds have a rather dismal record when compared against investing in passive indexes. In 2012, 66.08 percent of all domestic equity ...
http://www.forbes.com/sites/richardfinger/2013/04/15/five-reasons-your-mutual-fund-probably-underperforms-the-market/?ss=personalfinance
http://www.forbes.com/sites/richardfinger/2013/04/15/five-reasons-your-mutual-fund-probably-underperforms-the-market/?ss=personalfinance
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