Good Looks, Bad Advice

In a recent blog post for Pragmatic Capitalism, Ben Carlson did an excellent job of putting the recent surge of money into passively managed funds in context.

The shift to passive funds is still modest

The shift from active to passive strategies is understandable, given the historical poor performance of actively managed funds in beating their benchmark. As of Dec. 3, only 15 percent of active funds last year accomplished this modest goal.