Passive Funds

In the world of active fund management, the first half of 2023 has proven to be a tough battleground. According to S&P Dow Jones Indices latest SPIVA U.S. Scorecard, a staggering 60% of all active large-cap U.S. equity managers fell short of the benchmark S&P 500. This revelation comes as...

Active and passive investors can agree it is common sense mutual funds that mimic a benchmark and charge a high fee should not exist. According to The Irrelevant Investor, for investors who pay a higher fee for a mutual fund versus an index fund, the mutual fund should sufficiently differentiate...