Why It's So Hard for Active Mutual Fund Managers to Beat the S&P 500 Index
It’s no secret that it’s tough for active managers to outperform the S&P 500 Index, for those running large-cap mutual funds.
Larry Swedroe
Larry Swedroe is director of research for The BAM Alliance (thebamalliance.com), a community of more than 150 independent registered investment advisors throughout the country. He has authored or co-authored 14 books, including his most recent, The Incredible Shrinking Alpha: And What You Can Do to Escape Its Clutches. His opinions and comments expressed on this site are his own and may not accurately reflect those of the firm.
Recent Content By
Why It's So Hard for Active Mutual Fund Managers to Beat the S&P 500 Index
It’s no secret that it’s tough for active managers to outperform the S&P 500 Index, for those running large-cap mutual funds.
The Performance of “Trendy” Mutual Funds
Keep these findings in mind the next time you are tempted to invest in the latest, hot trend in mutual funds.
The Performance of “Trendy” Mutual Funds
Keep these findings in mind the next time you are tempted to invest in the latest, hot trend in mutual funds.
Why Not Just Buy Berkshire Hathaway? Extending the Evaluation Period
Were investors in BRK.A rewarded for concentrating their assets in just one stock? Hard to say.
Why Not Just Buy Berkshire Hathaway? Extending the Evaluation Period
Were investors in BRK.A rewarded for concentrating their assets in just one stock? Hard to say.
Which Factors Matter to Investors: Explaining Mutual Fund Flows
Why do investors choose to engage in practices that are highly likely to destroy value?
Which Factors Matter to Investors: Explaining Mutual Fund Flows
Why do investors choose to engage in practices that are highly likely to destroy value?
Myopic Loss Aversion and the Equity Risk Premium Puzzle
Financial wealth is impacted by how often you look at your portfolio and not necessarily how you'd expect it.
Myopic Loss Aversion and the Equity Risk Premium Puzzle
Financial wealth is impacted by how often you look at your portfolio and not necessarily how you'd expect it.
The Performance of Long-Serving Active Mutual Fund Managers
A majority of actively managed mutual funds have been proved to underperform their appropriate risk-adjusted benchmarks.
The Performance of Long-Serving Active Mutual Fund Managers
A majority of actively managed mutual funds have been proved to underperform their appropriate risk-adjusted benchmarks.
Why Not Just Buy Berkshire Hathaway? An Update
Why not just own shares of Berkshire Hathaway instead of building a globally diversified portfolio?
Why Not Just Buy Berkshire Hathaway? An Update
Why not just own shares of Berkshire Hathaway instead of building a globally diversified portfolio?
Do Upside and Downside Capture Ratios Predict Mutual Fund Performance?
Do Upside and Downside Capture Ratios Predict Mutual Fund Performance?
Do Upside and Downside Capture Ratios Predict Mutual Fund Performance?
Do Upside and Downside Capture Ratios Predict Mutual Fund Performance?
Interest Rate Risk and the Low-Volatility Anomaly
Interest Rate Risk and the Low-Volatility Anomaly
Interest Rate Risk and the Low-Volatility Anomaly
Interest Rate Risk and the Low-Volatility Anomaly
Stock Market Efficiency: Micro or Macro Efficient?
One of the great debates in finance is whether stock markets are efficient or inefficient.
Stock Market Efficiency: Micro or Macro Efficient?
One of the great debates in finance is whether stock markets are efficient or inefficient.
Long-Term Reversals of Industry Performance and Investor Underreaction to Structural Change
Long-Term Reversals of Industry Performance and Investor Underreaction to Structural Change
Long-Term Reversals of Industry Performance and Investor Underreaction to Structural Change
Long-Term Reversals of Industry Performance and Investor Underreaction to Structural Change
Warren Buffett Suggests Successful Investing Requires Discipline
Warren Buffett Suggests Successful Investing Requires Discipline
Warren Buffett Suggests Successful Investing Requires Discipline
Warren Buffett Suggests Successful Investing Requires Discipline
Who Trades on Momentum, and Who Is on the Other Side?
Who Trades on Momentum, and Who Is on the Other Side?
Who Trades on Momentum, and Who Is on the Other Side?
Who Trades on Momentum, and Who Is on the Other Side?
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