Fundsters interested in comparing results from active and passive mutual funds may want to take a look at some new research from Yale. Today Financial News
' Ben Wright reports
on recently updated research on active managers and their performance relative to benchmarks, from Yale professors Martijn Cremers and Antti Petajisto. FinancialNews also offered several other articles on the research: here
According to Cremers and Petajisto's research, about a third of active U.S. equity mutual fund managers were "closet indexers" (with at least 40 percent of the funds' benchmark indexes mirrored in their portfolios) between 1990 and 2009, Financial New reports.
] co-chief investment officer Adrian Banner
] retail sales chief Nick Blake
, Aberdeen Asset Management
] strategist Peter ElstonRussell Investments
] manager research chief Adam Goff
, T. Rowe Price
] portfolio specialists director Tim Nelson
and Intech co-CEO Jennifer Young
weighed in on the research.
Neil Anderson, Managing Editor
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