"data...indicates that the vast number of these managers can't beat the market after fees are subtracted from their portfolio returns. Over the 35-year period from 1971 to 2004, the average annual return on all actively managed equity mutual funds trailed the S&P 500 Index by 87 basis points a year, and the broader-based Wilshire 5000 Index by 105 basis points a year."Thanks to FreeMoney Finance for pointing this one out!
Tuesday, July 11, 2006
Jeremy Siegel on Indexing
More reasons to index from Jeremy Siegel writing for Finance.yahoo.com: